Australian dollar to 80 cents?

Wednesday 21 October 2015

From the AFR:

David Sokulsky, UBS Wealth Management head of investment strategy, said the investment bank’s base case was for the Australian dollar to trade at US71¢ by year’s end and US65¢ in 12 months.

The market has forecast the Aussie to hit US70¢ in the fourth quarter of 2015 and US69¢ for the bulk of 2016, according to Bloomberg.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.