The Aussie dollar will rise above parity with the greenback this year on prospects the Federal Reserve will boost U.S. asset purchases and the Reserve Bank of Australia will increase interest rates, Westpac Banking Corp. said.
The Australian currency is likely to reach $1.02 by year- end and climb to $1.05 by the middle of 2011, the Sydney-based bank said today in a note to clients. The so-called Aussie bought 98.18 U.S. cents as of 10:09 a.m. in Sydney, after touching a record 99.18 cents yesterday.
http://jodnet.blogspot.com
The Australian currency is likely to reach $1.02 by year- end and climb to $1.05 by the middle of 2011, the Sydney-based bank said today in a note to clients. The so-called Aussie bought 98.18 U.S. cents as of 10:09 a.m. in Sydney, after touching a record 99.18 cents yesterday.
http://jodnet.blogspot.com
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