In a new forecast Morgan Stanley has predicted the Australian dollar to fall to US68c by the end of the year and to drop even further by the end of 2016 to US62c.
News
What who can buy and where in Melbourne
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11 June 2015
Recent comments about housing affordability and first-home buyers from Treasurer Joe Hockey have led to him being labelled out of touch.
Understanding a housing 'bubble'
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10 June 2015
Federal Treasurer Joe Hockey has caused a stir by saying that people looking to buy their first home should ‘get a good job’.
Australia warned to stop cutting rates by the OECD
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04 June 2015
While there are plenty of economic experts who think interest rates will be cut again this year after the RBA left them steady this month, the Organisation for Economic Cooperation and Development says Australia should stop cutting rates now.
RBA leaves rates at 2% but experts say there's more cuts on the way
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03 June 2015
The Reserve bank has kept interest rates at their record low of 2 per cent this month, but experts say there are more cuts coming later this year.