CNBC.com
The
resilient Australian dollar, which has overcome global headwinds to
stay above parity against the U.S. dollar for most of the past two
years, is due for a major correction, according to one analyst who
predicts the currency could fall over 40 percent in the next 18 months.“It’s difficult to see any clear major direction in any of the currencies other than the Aussie dollar longer term, which we obviously think looks like the trade of the century, trying to short the Aussie, “Paul Gambles, managing partner at advisory firm MBMG International told CNBC’s “Asia Squawk Box” on Monday.
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