| Risk, rates, China, commodities. They are all key to the performance of the Australian dollar and they're all pointing in the wrong direction. And given that this direction is unlikely to change for any of them, the Aussie could fall back under parity against the US dollar sooner rather than later.
The strength of the Australian economy has been in doubt for some time now. But hopes that the Chinese authorities would be able to achieve a soft landing there and that the major central banks would be able to stop the global economy from slowing have helped to keep sentiment relatively buoyant...............................................Full Article: Source
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