Australian Day-Trader William B. has predicted that the Australian Dollar will go down to 0.65 against the American Dollar. The local fiat-currency had a tumble on the markets today as it dropped -1.3% on bad data.
William B. says that it is in the Australian Governments interest to keep its dollar low to compete in the mining-industry.
Right now the AUDUSD is trading at 0.7370
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