You are here

Aussie dollar likely to fall 4% more by next year, say forecasters

HSBC says a weaker Australian dollar is key to an acceleration in the pace of the nation's recovery, which will allow the central bank to raise borrowing costs.


THE top Australian dollar forecaster sees a further 4 per cent loss by mid-2015, cushioning the economy as the Reserve Bank takes steps to curb a housing boom.

HSBC Holdings, the most accurate predictor in the four quarters through September in data compiled by Bloomberg