Jim O'Neill believes the AUD is overvalued at above parity with the USD and warns investors to adjust their thinking on China's contribution to the global economy in the next decade. (The Australian Financial Review)
UBS has warned that a continued fall in commodity prices and a willingness by central banks around the world to inject billions of USD into the global economy will encourage the Reserve Bank of Australia to lower interest rates. (Sydney Morning Herald)
- AUD/USD is currently trading near session lows 1.0435 (-22 pips).
Print 23:23, 23 Sep 2012 - Asian News - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: