A weak Australian dollar a key to economic recovery: Nataxis

SYDNEY - The Australian economy will need additional time to transition from its mining dependence – and a weaker Australian dollar is part of the solution, although not the only one, says global asset manager Nataxis.

“The Australian dollar has also depreciated quite substantially, following the Australian economy but, the real question is whether it is all priced-in,” says Nataxis.

“In addition, the large current account deficit makes it absolutely necessary for Australia to become more competitive with the rest of the world, especially at a time when Australia cannot expect as much FDI to finance the current account deficit.” www.nataxis.com