PV1 0.00% 3.1¢ provaris energy ltd

0.015 to fall today tomorrow, page-30

  1. 161 Posts.
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    Some of the posters may get their wishes-as below. Plus there are whisperings that MAY will not be the sell-off as has been the last few years.
    CNBC:-
    The resilient Australian dollar, which has overcome global headwinds to stay above parity against the U.S. dollar for most of the past two years, is due for a major correction, according to one analyst who predicts the currency could fall over 40 percent in the next 18 months.
    "It's difficult to see any clear major direction in any of the currencies other than the Aussie dollar longer term, which we obviously think looks like the trade of the century, trying to short the Aussie, "Paul Gambles, managing partner at advisory firm MBMG International told CNBC's "Asia Squawk Box" on Monday.
    Gambles said he expects the Aussie dollar to fall as low as 60 U.S. cents from the current $1.03 mark within 18 months.


 
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