The Australian dollar is likely to hit US85¢ within five years and could trade as high as US90¢ because interest rates in the United States aren’t going to rise as much as expected, according to one of the world’s bigger private equity funds.
The director of research for the Carlyle Group, economist Jason Thomas, who was in Australia last week to brief the investment giant’s clients, said the US economy has been hit unexpectedly hard by a drop in oil and gas…”The US was the first into the tightening cycle and it is going to be the first to end the tightening cycle,” he said in an interview.
From the AFR:
