FX VOICE: Australia's close ties to China
May 6, 2013
FX VOICE: Australia's growth dilemma
Australia cut its cash rate to 2.5% to spur broader economic growth. The Aussie dollar weakened in line with this, but the central bank has less appetite to continue cuts. Are these tactics working and where will the currency be over the next six months? CT asks the experts.
Andrew Salter, FX strategist, ANZ:
The Australian dollar is falling, but not just because of the RBA. Interest rates in overseas economies are edging higher as they slowly emerge from the lacklustre growth of the past few years. This is particularly evident in the United States.
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