China Iron Ore Makes Insight Aussie Bear; Deutsche Bank Sees 60s

The Australian dollar’s rally this month will be short-lived as demand for the nation’s chief export wanes with China stockpiling record amounts of iron-ore, according to Insight Investment Management Ltd.

Insight, a Bank of New York Mellon Corp. unit that oversees about $456 billion, expects the Aussie to reach new lows “in this cycle” as greater supplies of the nation’s commodity exports weaken prices, according to Paul Lambert, London-based head of currency at the fund manager. The Reserve Bank said this month Australia’s currency may fall with an expected drop in the worth of its export earnings. The Aussie may slide toward the low 60 U.S. cent area in 2015, Deutsche Bank AG said.