Sat, Aug 30, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

What happens if the Australian dollar hits $US1.20?

Posted on 26 November 2012

Could the Australian dollar explode to $1.20 against the US dollar next year? The possibility of the local currency surging higher from the current elevated level is a scenario that is rarely contemplated by most financial analysts and traders. The consensus view is we have to get used to the Aussie trading close to parity or marginally higher for the time being because of the policies being adopted by the major central banks around the world.
However, this is a completely different story to the Aussie moving significantly higher. An appreciation of the local dollar would put the domestic economy and the Reserve Bank of Australia under enormous pressure………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31