PUBLISHED: 13 SEP 2014 02:51:00 | UPDATED: 13 SEP 2014 05:12:18

NEWS SOURCE: FINANCIAL REVIEW

BIG PICTURE KAREN MALEY

The Australian dollar may have dropped below US91¢ this week, but top economists predict it has a good deal further to fall.

Collin Crownover, global head of currency management at State Street Global Advisors, expects the $A to drop by between 5 per cent and 10 per cent to reflect falling commodity prices and a narrowing of the gap between interest rates in Australia and the United States.

He argues that, despite the weakness in the currency in recent days, the $A has “been the best performing G10 currency for the year to date, and the only currency that has risen against the US dollar in 2014”.