Currency speculators are predicting the next big crash to be the Australian dollar. More evidence is mounting that the 2009 outlook for the dollar will weaken dramatically against the greenback. Said Citigroup’s head of finance David Symett out of Hong Kong this morning. “Given the nature of the worsening global economy and the economic outlook for China, Australia’s biggest trading partner, we predict that the Australian dollar could fall as low as 57.00 cents against the greenback by June 2009, possibly collapsing to sub 50 cents”.
Australin dollar plunge 2009
