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Australian dollar in 2018-19: Experts clash on whether it will crash or surge
When surveying currency experts from nine different banks, the ABC heard nine wildly different forecasts on where the local currency is headed. It was almost like playing a blind game of darts — except this one affects which investments to make, or when to go on that overseas holiday. Whether the Aussie dollar gets stronger or weaker depends on factors like the speed of US economic recovery, whether commodity prices get higher, and by how much China's economy slows down. But there was even substantial disagreement among the banks on all of those factors. Commonwealth Bank, UBS and HSBC were the banks had the most ... (full story)