Aussie Dollar Set To Sink In 2009
Jan 22nd, 2009 | By John Crooks | Category: US Dollar & Forex TradingJohn Crooks says currencies dependent on commodities are in for a very tough 2009. He says weak global demand and a marked slowdown in China will keep commodity prices low. And that’s bad news for resource-rich Australia. John says a looming recession, widening trade deficit and interest rate cuts will send the Aussie dollar plummeting this year.