From all the research I’ve done, forecasts and charts with what is expected in the week to come re interest rate cut and figures released. I drew the conclusion that the AUD is about to tank and tank hard from current levels. My expectation is that the banks are right with their forecast of 65c to66c range by years end BUT if iron ore prices and other base metals fall then I expect it closer to the 60c range as the only thing that is easing the fall at the moment is base metal and iron ore prices remaining strong.
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From all the research I’ve done, forecasts and charts with what...
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David DeTata, Managing Director
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