15.09.2015 - The fall of the Australian dollar will continue in the near future
Today have been published the minutes of the previous meeting of the Reserve Bank of Australia, in which was emphasized the appropriateness of the current interest rates. It should be noted that despite the increase in prices for housing in Sydney in July, there was noted a significant reduction in lending for the purpose of investment in housing. Given the ambiguity of labor market indicators, the decline in investment in the mining sector and the low export prices, the decline of the Australian dollar will be needed to maintain the country's economy. We expect the fall of the national currency of Australia in the medium term.