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.


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