AUSTRALIAN DOLLAR 'NEEDS TO FALL ANOTHER 10PC'
Friday, November 13, 2015
The Australian dollar will dip into the 50s as the economy attempts to rebalance while a dithering US Federal Reserve committee's "irrational dream" of normalising interest rates has set up the month of December and 2016 for major turbulence.
That's the view of Mark Farrington, the head of the $US7.7 billion macro hedge fund Macro Currency Group that trades financial markets with an emphasis on studying how policymakers act.
Farrington has been critical of hesitant central bankers, saying that with interest rates at historic lows and inflation models not working they are "lacking in confidence."
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