The Business Times
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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

Published Mon, Feb 2, 2015 · 09:50 PM

    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.

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