Original article by Mark Mulligan, Jonathan Shapiro
The Australian Financial Review – Page: 29 : 11-Sep-14

The Australian dollar was sold down on 10 September 2014, reaching an intra-day low of $US0.9130. The currency had not fallen below $US0.92 since March, and the sell-down was prompted by factors such as growing expectations that interest rates in the US will be increased sooner rather than later. David Bassanese of BetaShares says a correction in the value of the dollar would have occurred earlier if interest rates had not been slashed in Europe and Japan recently

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BETASHARES CAPITAL LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. FEDERAL OPEN MARKET COMMITTEE, CREDIT SUISSE (AUSTRALIA) LIMITED, BANK OF ENGLAND, WESTPAC BANKING CORPORATION – ASX WBC, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, RESERVE BANK OF AUSTRALIA, ABERDEEN ASSET MANAGEMENT LIMITED