Via Bloomberg:
A Sydney-based fund manager that profited from the selloff in Turkey’s bonds and currency last month now expects a slump closer to home, as a stronger greenback weighs on the Australian dollar.
The Aussie may fall more than 10 per cent to the “mid-60s” US cents in 12 months, said Vimal Gor, head of income and fixed interest at Pendal Group, at a conference. A hawkish Federal Reserve will continue raising rates “until something breaks,” while its Australian counterpart stands pat, he said.
