You are here

Goldman cuts Aussie dollar forecast to 72 US cents

It expects Reserve Bank of Australia to lower interest rates again in May
Thursday, February 5, 2015 - 05:50

The Australian dollar has fallen more than 17 per cent from its September high as mineral and energy prices have plummeted.


AUSTRALIA'S dollar will fall 7 per cent this year to 72 US cents as a faster-than-anticipated plunge in commodity prices leaves the nation A$500 billion (S$526 billion) poorer in the coming decade, Goldman Sachs Group Inc said.

The US investment bank, which had previously

Powered by GET.comGetCom

Market voices on:

Powered by GET.comGetCom