BlackRock Inc., the world’s biggest money manager, sees Australia’s dollar falling 10 percent as disappointing economic growth forces the central bank to cut its benchmark rate to as low as 2 percent.
BlackRock Inc., the world’s biggest fund manager, said Australia’s dollar may drop as low as 80 U.S. cents in the coming nine months after bets against the currency helped give one of its bond funds the nation’s best returns.
Australia’s dollar isn’t attractive after the currency climbed more against the greenback than any major counterpart in the past year, BlackRock Inc. said.
"High-quality and high-yield bond markets are a pretty rare beast and Australia stands out as one."
- Stephen Miller on Aug 13, 2014