Original article by Mark Mulligan
The Australian Financial Review – Page: 34 : 26-May-16

The Australian dollar is currently trading above $US0.71, but Daniel Been of the ANZ Bank warns that it could potentially test the $US0.50 level. While the currency has shed 35 per cent against its US counterpart over the last five years, Been says its continued resilience can be partly attributed to Australia’s "AAA" credit rating, which has led to the dollar being regarded as a safe-haven currency. He notes that factors such as Australia’s current account deficit and high government debt would not usually result in such strong support for the currency.

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