ANZ says fading AAA allure could send $A towards US50¢

By Mark Mulligan
Updated May 25 2016 - 10:25pm, first published 9:35pm
Australia a safe haven? Really? Triple A ratings not enough, says ANZ. Photo: supplied
Australia a safe haven? Really? Triple A ratings not enough, says ANZ. Photo: supplied
Australia's current account deficit should take the shine off the currency's allure. Photo: IMF, ANZ
Australia's current account deficit should take the shine off the currency's allure. Photo: IMF, ANZ

The Australian dollar remains overvalued, and could head towards US50¢ as it loses its de facto safe-haven status, according to research from ANZ Banking.

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