No respite ahead for luckless Aussie

MARKET NEWS

SYDNEY -- The Australian dollar has taken a beating in the foreign exchange markets recently, dipping below US$0.50 for the first time in its history last week. Analysts say the currency is set for further downside.

"There is no real event in the near-term that will be positive for the Australian dollar," James Shugg, senior economist at Westpac Banking Corp in London told FX Week. "The key for a turnaround would be the market down-grading its view on US economic growth."

Shugg said

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: