InvestSMART’s Evan Lucas says the Australian dollar will “probably get worse than it already is” as it hits a new post GFC low. “It got down to as low as 64.62, and has just popped back to 65 cents which is a new 11 and a half year low in terms of where it is going,” he said. “The reason is over the weekend the Chinese data, particularly their purchasing managers’ index (PMI), is a record low for them at 35. “That is an unbelievable level of contraction." Image: Getty
from National | Daily Telegraph https://ift.tt/2I7m0Fx
Sunday, March 1, 2020
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