Dollar to stay strong
research

Dollar to stay strong

By webmaster

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.

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.

promoted stories
Email:

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
MANGERTON 46.41%
2.
QUEANBEYAN EAST 46.15%
3.
SOLDIERS POINT 45.49%
4.
DARLINGTON 45.4%
5.
PADDINGTON 43.31%
Dollar to stay strong
SPI logo