Original article by Jonathan Shapiro
The Australian Financial Review – Page: 24 : 13-Nov-15

Mark Farrington of Macro Currency Group says the Australian dollar remains overvalued, despite its fall in recent months. He estimates that the currency needs to fall by another 10 per cent to the $US0.50 range as the economy rebalances. Meanwhile, Farrington expects the Reserve Bank to reduce the cash rate another two times in the current monetary policy easing cycle, adding that the first cut could be in the June 2016 quarter.

CORPORATES
MACRO CURRENCY GROUP, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD