We started this week with my regular monthly catch up with Malaysian Business channel BFM. As we come to the end of the week, many of the themes discussed in the interview (attached) are starting to play out. The Aussie dollar has continued to slump, not just because of weaker than expected jobs, but mainly because of the slowdown in China. I believe the Aussie will now trade within the US$0.60-0.65 range for the next few weeks before finding a bottom.
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China's slowdown and impact on Australia
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We started this week with my regular monthly catch up with Malaysian Business channel BFM. As we come to the end of the week, many of the themes discussed in the interview (attached) are starting to play out. The Aussie dollar has continued to slump, not just because of weaker than expected jobs, but mainly because of the slowdown in China. I believe the Aussie will now trade within the US$0.60-0.65 range for the next few weeks before finding a bottom.