‘Overvalued’ $A tipped to nosedive to US75c

Original article by Bianca Hartge-Hazelman, Mark Mulligan
The Australian Financial Review – Page: 24 : 10-Nov-14

The Australian dollar is currently trading at around $US0.8623, but some economists are bearish about its outlook in 2015. David McDonald of Credit Suisse Private Banking suggests that a level of around $US0.75 may be closer to fair value for the currency in the longer-term. Meanwhile, AMP Capital’s Shane Oliver forecasts that the currency will fall to $US0.75 in 2015, while National Australia Bank expects it to fall to around $US0.80

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, AMP CAPITAL INVESTORS LIMITED, AMP LIMITED – ASX AMP, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, AUSTRALIAN BUREAU OF STATISTICS

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