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Aussie dollar plunge expected to continue

Citigroup sees currency falling another 3.6% in three months after it slid 5.1% in January

The Aussie started weakening in September and since then has lost 17% against the greenback amid structural weakness in the Australian economy, the fall in iron ore prices, China's slowdown and general US dollar strength.


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...

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