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Read MoreWestpac has cut their 2015 forecast for the Australian Dollar. They now expect that the Aussie Dollar will end 2015 at USD 0.66 rather than USD 0.70. A slowing China and falling terms of trade are blamed for the loss of confidence in the local currency
Read MoreToday the Peoples Bank of China cut interest rates by 0.25% to 4.60%. It is the fifth time the bank has cut rates in the last year, as it tries to stimulate the slowing Chinese economy. The move follows a sharp drop on the Chinese stock market, which saw the Australian Dollar drop to a new 6 year low. China is Australia's biggest trading partner, and the Australian Economy will feel the impact of China slowing. This is why the Australian Dollar is falling and we expect it will continue to fall.
Read MoreThe Australian Dollar dropped to a 6 year low on July 20th. We expect that this is only the beginning of what will be a prolonged down turn for the Australian Dollar. It's not just the currency that is in for a rough ride. The Australian Economy could be heading for a recession!
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