Written on the 15 July 2010
The last three years have seen an extraordinary period across all global financial markets. Not least affected were the currency markets which experienced historical levels of volatility. During this time, the Australian dollar rose to near parity levels against the US dollar, then fell precipitously to nearly 60 cents before recovering strongly. Ben Kilmartin is the former global head of currency clients at JP Morgan Asset Management. Kilmartin now manages the BK Currency Fund which makes long term investments in the currency markets. He gazes into the currency crystal ball.
MANY businesses in Australia have been impacted in the roller-coaster currency ride.