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Goldman cuts Aussie dollar forecast to 72 US cents

It expects Reserve Bank of Australia to lower interest rates again in May

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...

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