After a six-week breather, the AUD started to depreciate again in the middle of last month and since November 14, it has declined by more than 5.2% against the USD, ranking as one of the weakest currencies in the intervening period, notes Goldman Sachs. Several factors, according to GS, could have contributed to the move: 1- The continued drop in commodity prices. Iron ore is now at USD68/tn, 50% lower than at the start of the year, with a 12% drop since the beginning of November. 2- Ongoing China growth concerns as the authorities continue to ease policy in order to achieve the 2014 growth target, indicating that ... (full story)