19.05.2015 - The Australian dollar will continue to fall
Today have been published the minutes of the previous meeting of the Reserve Bank of Australia where interest rates were lowered by 0.25% to 2.00%. In the document was noted that the fall of the Australian dollar is likely and necessary. The reason for the decrease in interest rates was a need to stimulate household spending, as well as inflation. According to forecasts of the regulator, the terms of trade to deteriorate and the investment will be weaker than previously expected. Our medium-term outlook remains negative.