Following are the highlights of comments made by James McIntyre of Macquarie Bank about Australian Dollar. Aussie dollar has been laggard this week compared to its counterparts.

  • Capacity for manufacturing to step up and deliver a meaningful contribution to the transition from mining to non-mining activity is limited.
  • Structural challenges in automotive closures  may weigh on the sector.
  • A “more significant” currency depreciation may be needed, and for longer duration, in order to deliver sufficient signals to rebalance the economy.