$600bn fundie: Australian dollar to 60 cents this year

Monday, 2 September 2019

As noted earlier today, CFTC positioning on the Australian dollar remains very short:

This helps explain why, via The Australian:

One of the world’s biggest fund managers has lowered its global growth outlook, pencilling in a slump in the Australian dollar before the year’s end amid a “50-50” chance of global recession.

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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.