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Dollar to stay strong

By webmaster 06 January 2011 | 1 minute read

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.

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12 MONTH GROWTH

array(10) { [0]=> object(stdClass)#21809 (4) { ["postcode"]=> string(4) "2251" ["suburb"]=> string(10) "Copacabana" ["median_twelve_month_growth_percent"]=> string(15) "47.549811523963" ["link"]=> string(25) "/data/nsw/2251/copacabana" } [1]=> object(stdClass)#21812 (4) { ["postcode"]=> string(4) "5034" ["suburb"]=> string(9) "Millswood" ["median_twelve_month_growth_percent"]=> string(15) "47.176470588235" ["link"]=> string(23) "/data/sa/5034/millswood" } [2]=> object(stdClass)#21795 (4) { ["postcode"]=> string(4) "5092" ["suburb"]=> string(7) "Modbury" ["median_twelve_month_growth_percent"]=> string(15) "46.531791907515" ["link"]=> string(21) "/data/sa/5092/modbury" } [3]=> object(stdClass)#21806 (4) { ["postcode"]=> string(4) "2261" ["suburb"]=> string(8) "Blue Bay" ["median_twelve_month_growth_percent"]=> string(15) "46.477272727273" ["link"]=> string(23) "/data/nsw/2261/blue bay" } [4]=> object(stdClass)#21802 (4) { ["postcode"]=> string(4) "2672" ["suburb"]=> string(15) "Lake Cargelligo" ["median_twelve_month_growth_percent"]=> string(15) "46.428571428571" ["link"]=> string(30) "/data/nsw/2672/lake cargelligo" } [5]=> object(stdClass)#21800 (4) { ["postcode"]=> string(4) "2712" ["suburb"]=> string(8) "Berrigan" ["median_twelve_month_growth_percent"]=> string(15) "45.984251968504" ["link"]=> string(23) "/data/nsw/2712/berrigan" } [6]=> object(stdClass)#21805 (4) { ["postcode"]=> string(4) "3350" ["suburb"]=> string(9) "Newington" ["median_twelve_month_growth_percent"]=> string(14) "45.90570719603" ["link"]=> string(24) "/data/vic/3350/newington" } [7]=> object(stdClass)#21798 (4) { ["postcode"]=> string(4) "2157" ["suburb"]=> string(8) "Glenorie" ["median_twelve_month_growth_percent"]=> string(15) "45.019920318725" ["link"]=> string(23) "/data/nsw/2157/glenorie" } [8]=> object(stdClass)#21833 (4) { ["postcode"]=> string(4) "3550" ["suburb"]=> string(10) "Flora Hill" ["median_twelve_month_growth_percent"]=> string(15) "44.421906693712" ["link"]=> string(25) "/data/vic/3550/flora hill" } [9]=> object(stdClass)#21819 (4) { ["postcode"]=> string(4) "6053" ["suburb"]=> string(9) "Bayswater" ["median_twelve_month_growth_percent"]=> string(15) "44.144144144144" ["link"]=> string(23) "/data/wa/6053/bayswater" } }

Copacabana

47.55%
Millswood

47.18%
Modbury

46.53%
Blue Bay

46.48%
Lake Cargelligo

46.43%
Berrigan

45.98%
Newington

45.91%
Glenorie

45.02%
Flora Hill

44.42%
Bayswater

44.14%

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