Business Insights Blog

Three reasons why the risks for the Australian dollar are still on the downside

In January 2016 the Australian dollar fell to just above $US0.68, its lowest level since 2009 and down 38% from its 2011 high. But since then, after a brief rebound, it has been stuck in a range between $US0.72 and $US0.78, defying our expectations for a decline. This note looks at why the $A has been so resilient over the last year, why we still think its longer term downtrend will resume and what it all means for investors.


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*This blog is a direct excerpt from Oliver's Insights. You can view Oliver's Insights and learn about Dr Shane Oliver at the AMP website.

Oliver's Insights is a regular update from Dr Shane Oliver, Head of Investment Strategy and Chief Economist, AMP Capital. In Oliver's Insights, Dr Shane Oliver explores the latest issues regarding financial markets and the economy.

Any advice in this article is of general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters.

Comprehensive Financial Solutions Pty Ltd ABN 42 086 989 639 as Trustee of the The Mobbs Family Trust is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited