An unhappy new year for the Aussie dollar?

The Australian dollar could plumb new depths as commodity prices fall and the greenback surges, while observers expect a Fed rate rise in the third quarter of 2015.

It may not be a happy new year for the Australian dollar as it continues to plunge to fresh lows, heading downwards possibly as low as US80c.

The Aussie plunged 2.3 per cent last week and was second only behind the Japanese yen as the week’s biggest loser. We’re currently watching support at 0.8250 with big picture losses toward US80c a possibility moving into January.

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