Original article by Alex Gluyas
The Australian Financial Review – Page: 25 : 4-Dec-24

The Commonwealth Bank is bearish about the outlook for the Australian dollar in 2025, amid fears of a trade war when US president-elect Donald Trump returns to the White House. The currency has fallen by 7.3 per cent since its most recent peak in September; it was fetching $US0.6470 on Tuesday, having reached a low of $US0.6432 last week. The Commonwealth Bank now expects the currency to fall to $US0.61 by September, but head of international equities Joseph Capurso says it could fall much further and faster if the trade war is more disruptive than anticipated.

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