Dollar to stay strong
06 JAN 2011
7 min read
Hotspots
The Australian dollar is expected to hover around parity with the greenback for the next few months.
Growth in China continues to drive demand for commodities, which is helping to keep the Australian dollar strong against its US counterpart.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
National Australia Bank's chief market economist Rob Henderson says with the US dollar unlikely to rally significantly in the near future, the local currency should remain at historically high levels.
Mr Henderson said he expects the Australian dollar to peak at $US1.05 as the official cash rate continues to climb.
You need to be a member to post comments. Become a member for free today!
