australian dollar forecast for 2012 : The Australian dollar is set to remain high over the next year, putting more pressure on already-strained exporters, dollar will remain high over the next year due to rising interest rates and overall economic growth, giving tourists and internet-browsers hope for another year of cheap shopping. But he warns that ultimately, the dollar will need to fall down to its 10-year average of US80c.
factors for the dollar remaining high over the next year, Commonwealth Bank currency strategist Richard Grace says the local dollar will get to $US1.12 by September driven by the terms of trade boom, and by increasing interest from foreign investors in diversifying into currencies other than the greenback.
National Australia Bank John Kyriakopoulos is slightly more cautious. Although after its recent surge he upped his short term forecasts by as much as 4 cents, he believes the local dollar will fall to $US1.02 by year end. He says the currency appears expensive at $US 1.10, based on measures such as the terms of trade and the current account. source bestexchangerates.net
Australian Dollar to US Dollar (AUD to USD) - 5 Year History
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