Don’t depend on a dollar drop

A lower Australian currency is unlikely to cushion us against rising global interest rates … it may even exacerbate the problem.

Summary: The Australian dollar fell 3.3% over three days last week – and has since stabilised at this lower level. While it is uncertain whether it will break below the key support of US90 cents with indicators telling us traders are still reluctant to be too bearish on the currency, the question is now what does this mean for investors.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles