Topic: AUD going to rise or fall even further? (Read 330 times)
IMO, the AUD would continue to decline against the USD. The main revenue earner for Australia is mineral exports, especially iron ore, natural gas and coal, and agricultural products such as wheat, meat, and wine. These exports have been hit hard by low prices and lack of demand. This has widened the trade deficit, resulting in a weak national currency.
Looking at economic analysis, I think that AUD-USD rates would highly like go stable at 0.75 this year and might go up in the coming years. AUD going up or going down isn't really bad, in fact both can be good for the global economy because Australian dollar will stay strong.
AFAIK the USD is currently extremely overvalued. There is literally no reason that the USD should be going strong, as their trade deficit suggests. The only reason that it is going strong, again AFAIK, is that all the current account deficits it receives is invested back into the country as financial account surpluses.
So, is AUD gunna fall further against USD, or is it going to rise?
So, is AUD gunna fall further against USD, or is it going to rise?
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