Prepare for an Aussie parity party

A sustained fall in the Australian dollar is on the way, and set to bring a degree of economic stimulus at a time of moderate growth.

The Australian dollar was smashed overnight, dropping almost 2 US cents to 1.0080 at the time of writing, having hit a low of 1.0045. Just yesterday, I was looking at the issues surrounding what looked to be the start of an Aussie dollar depreciation and while the strong jobs result yesterday gave the dollar it lift, it proved to be very short-lived.

The Australia dollar is on a clear trend down. At 1.0080, the Australian dollar is at its lowest since June 2012, which was also the last time it traded below parity with the US dollar.

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