Greg McKenna (House & Holes) at Macrobusiness explains why the Aussie Dollar is falling:
Recently I posted that MB’s five drivers model for the Australian dollar was pointing lower. The dollar broke lower last night and appears biased for more. The five drivers are:
- interest rate differentials;
- global and Australian growth (more recently this has become more nuanced for the Aussie to be more about Chinese growth);
- investor sentiment and technicals; and
- the US dollar
Read more at Five drivers point to more Australian dollar falls | | MacroBusiness.