Could the Aussie dollar really hit 75 US cents?

At 81.5 cents, the dollar already looks pretty cheap to global investors hungry for yield. It might eventually slide towards the RBA's target, but it's uncertain if it will stay there.

RBA governor Glenn Stevens has upped the ante on the Aussie dollar, suggesting it should fall, or at least that it would be desirable if it fell, to around 75 US cents. Currently at a little over 81.5c, the currency looks well on its way to hitting that target.  


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