Could the australian dollar really drop to us$0.62 cents by 2016_ euro to pound exchange rate today


Morgan Stanley has predicted that the Australian dollar could fall to US$0.68 by the end of 2015. Binary operations pdf Moreover, the investment bank sees the Aussie dropping to US$0.62 by the end of 2016.

Such a scenario would undoubtedly come as relief to exporters nationwide. Convert us dollars to euros A lower dollar has been the prescribed tonic to spur an export driven recovery. Usd to aed exchange rate history But how realistic is the probability of such a sharp fall in the AUD?

It would be quite a turnaround considering how difficult it’s proven to devalue the dollar in recent months. Funny jokes for adults short Since February, the AUD has fluctuated stubbornly between US$0.76 and US$0.81. What is futures in stock market with examples That’s come to the chagrin of the RBA who have been hoping to use looser monetary policy to drive it down to around


But interest rate cuts have failed to lower the dollar to the RBA’s desired target. Stock market terms and meanings Recently, that’s forced the RBA to rethink their position, revising their target to US$0.75.

On top of rate cuts, weaker economic data has only slightly affected the dollar. The futures market explained But that’s failed to provide any permanent devaluation in the AUD. Gbp to usd forecast 2016 Why Morgan Stanley is convinced that the Aussie dollar faces a dramatic collapse

It would seem counter-intuitive at first. Euro fx futures It hasn’t really worked up to now, so why would it be any different in the future? But maybe there is some method to the madness.

We’ve never had rates at the current 2% level before. Market futures yahoo Yet we’ve also never had the cash rate at 1.75% either. Nzd usd live chart For all intents and purposes we’d be entering uncharted territory. Usd nzd chart Theoretically, that may throw up conditions that could conspire to drive down the dollar. Usd to inr forecast 2015 Or maybe it won’t. Binary search algorithm example It’s a fool’s game trying to guess at this point.

Nonetheless, Morgan Stanley predict that soft economic data will eventually force the RBA to cut rates by 25 basis points in the fourth quarter. The binary The good (or bad) news is that we’re going to see plenty more disappointing data in the months ahead. Market futures cnbc It’s already beginning to cascade as is. Convert binary to text Consumer confidence and business spending is flopping.

At the same time the trade deficit continues to increase on the back of depressed exports. Dollar pound exchange rate forecast The recent commodity price rebound is just a temporary reprieve. Fx rate cad usd Several investment banks have indicated that prices will continue to fall over the next few years.

Such poor economic forecasts could be enough to weigh down on the dollar. Usd yen forecast But again, our recent experience shows that doing so is easier said than done. Cool pictures We’ve had months of poor economic data that has done nothing to shift the position of the dollar. Used bookstores chicago That makes it difficult to see how the AUD is meant to fall by over US$0.10 in the next six months. Python append Will the US dollar come to Australia’s rescue?

The US dollar’s strength could hold the key to driving down our currency. Silver chart 1 year If our American partners can convince markets to push up the price of the US dollar, then we’d benefit from that.

Morgan Stanley predict that US data will show signs of economic resurgence over the coming months. Historical exchange rates gbp to usd If they’re right, that may be the likeliest chance for the Aussie dollar to fall below US$0.70. Live charts uk But that’s a big if.

PS: The Daily Reckoning’s Greg Canavan believes we’re headed for disaster, with or without a weaker dollar. Idr to usd He believes that RBA policymaking will fail to prevent the economy’s near certain decline. Gold forecast In fact, as one of Australia’s leading investment analysts, Greg is convinced that Australia faces a recession in 2015.

In a free report, ‘Australian Recession 2015: Unavoidable’, Greg reveals why our economy finds itself in the hole it’s in. Dollar to euro conversion rate today He’ll show you why our economic conditions have spiralled out of control — and why that means a recession is almost inevitable.

But he also wants to show you a way to protect your wealth. Texas baseball roster Greg believes there are steps you can take right now to protect yourself from the fallout of the imminent recession. Joy news ghana To find out how to download his free report right now, click here.