"I can see it certainly dropping quite sharply from here," Carlin Doyle, a London-based currency strategist at State Street Global Markets said. The Australian dollar could fall "below the 40 cent level and I can see that happening in the next year or so," he added.
Comment:
lol rofl Now I wonder what he was predicting when the Australian dollar was 90 cents? $1.00? $1.20? My guess is he didn't pick the turn near the top.
It's a pity we don't have a law that insists when these predictions are published the last five or so predictions on the same issue by the same analyst must also be published.
Then in most cases I suspect we would laugh at their most current prediction. lol
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