Three reasons Westpac's Robert Rennie thinks the A$ is cheap - and one it will likely remain so
The A$ hit 7-month lows versus the US$ late last year, 6-month lows versus the Canadian dollar and 3½-month lows versus the NZD and on the RBA TWI measure.
That leaves the A$ looking increasingly ‘cheap’ on a range of crosses. So will the A$ continue falling? Robert Rennie, Global Head of Market Strategy at Westpac, sees three key reasons to suggest it is cheap, and one major reason to suggest it will likely remain so.
Click here to read the whole reasoned and detailed article.
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