AUD "is likely to fall into the $US0.60s"

More from AMP's most recent piece, I posted on it earlier here:

• Largest Australian fund manager says be wary of RBA rate cut sooner rather than later

Adding this:

• Cash and bank deposits are likely to provide poor returns as the RBA cuts the official cash rate to 1% by end 2019.
• Beyond any further near-term bounce as the Fed moves towards a pause on rate hikes, the $A is likely to fall into the $US0.60s as the gap between the RBA's cash rate and the US Fed Funds rate will still likely push further into negative territory as the RBA moves to cut rates.
• Being short the $A remains a good hedge against things going wrong globally.