Key take-out: The Australian dollar is likely to fall sharply once central banks cut back on their Quantitative Easing programs and then hike interest rates. But that won’t happen anytime soon.
Key beneficiaries: General investors. Category: Portfolio management.
For much of this year the $A was on a downward trajectory, coming off from over $1.05 at the beginning of the year to about 1.0360 now.