Aussie dollar plunge expected to continue
Citigroup sees currency falling another 3.6% in three months after it slid 5.1% in January
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
NOT since 2009 has Australia's dollar tumbled so far in the first month of the year. And the world's biggest foreign-exchange trader says the pain is far from over.
After tumbling 5.1 per cent in January, the so-called Aussie will fall an additional 3.6 per cent in three months to 75 US cents, Citigroup Inc forecasts.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025