The Courier-Mail

Dol­lar on big dip­per

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IF YOU’RE think­ing about that trip to the US, you might want to do it soon.

Deutsche Bank’s Aus­tralian chief economist Adam Boy­ton says con­tin­ued soft de­mand for re­sources and slower growth in China are among the fac­tors that could force the Aus­tralian dol­lar be­low US60¢ to its low­est value against the green­back since early 2003. The Aussie dol­lar has al­ready tum­bled about 20 per cent in the past year and is just above US70¢.

Mr Boy­ton said Deutsche pre­dicted 18 months ago the dol­lar would hit about US65¢ by the mid­dle of 2016.

“I wouldn’t dis­count the cur­rency mov­ing into the 50s,” Mr Boy­ton said.

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