Unfortunately, it looks like AUD is joining the club of 'long term losers against US dollar' too. The Reserve Bank of Australia is determined to keep interest rate close to or lower than zero, and I doubt they will follow when the United States eventually increase interest rate. It's quite feasible that RBA will drop the interest rate into deep negative territory like -1% when the next big global crash wreak havoc in Australian housing and equity market in the mid-2020s, putting more downside pressure on AUD. The Y wave of AUDUSD will at least drop to the low of 2001, and possibly lower than 0.48 within 5 years. Short term price recovery is likely though, may go above 0.6 in a couple of weeks.
Unfortunately, it looks like AUD is joining the club of 'long term losers against US dollar' too. The Reserve Bank of Australia is determined to keep interest rate close to or lower than zero, and I doubt they will follow when the United States eventually increase interest rate. It's quite feasible that RBA will drop the interest rate into deep negative territory like -1% when the next big global crash wreak havoc in Australian housing and equity market in the mid-2020s, putting more downside pressure on AUD. The Y wave of AUDUSD will at least drop to the low of 2001, and possibly lower than 0.48 within 5 years. Short term price recovery is likely though, may go above 0.6 in a couple of weeks.