Original article by John Kehoe
The Australian Financial Review – Page: 1 & 8 : 13-Jul-15

The Australian dollar reached a low of $US0.7372 in the week ended 10 July 2015. UBS Wealth Management expects it to test the $US0.70 level by the end of 2015, with global currency strategist Katherine Klingensmith citing factors such as the slowing Australian economy, the prospect of rate rises in the US and the downturn in commodity prices. BK Asset Management’s Kathy Lien adds that further interest rate cuts are likely in Australia, which would add to bearish sentiment toward the currency.

CORPORATES
UBS WEALTH MANAGEMENT, BK ASSET MANAGEMENT, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, BANK OF ENGLAND, DELTEC INTERNATIONAL GROUP