Westpac has cut their 2015 forecast for the Australian Dollar. They now expect that the Aussie Dollar will end 2015 at USD 0.66 rather than USD 0.70. A slowing China and falling terms of trade are blamed for the loss of confidence in the local currency
Read MoreThe Australian Dollar has fallen below US 70 cents, and all signs suggest it will keep falling! As China slows and resource prices drop, the Australian economy is dangerously close to going into recession.
Read MoreThe Australian Dollar dropped to a 6 year low on July 20th. We expect that this is only the beginning of what will be a prolonged down turn for the Australian Dollar. It's not just the currency that is in for a rough ride. The Australian Economy could be heading for a recession!
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