Eslake: Aussie rates will likely tighten but the dollar will continue to fall

Saul Eslake the former Bank of America Merrill Lynch Chief Economist is predicting a series of rate hikes (to 3.75% by the end of 2016) but sees the dollar falling to 65c by the end of June 2016. "I think the Australian dollar has quite a bit further to fall, into the mid-60s by this time next year," he said. If the [US Federal Reserve] doesn't start raising rates later this year, or if there is some other major 'shock' to the global financial system which further enhances the Australian dollar's 'safe haven' status, then that fall could be delayed." Full article: (VIEW LINK)


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