Original article by David Rogers
The Australian – Page: 13 & 18 : 16-Jan-18
The Australian dollar rose above $US0.79 in local trading on 15 January, and National Australia Bank estimates that the currency’s fair value in the near-term is $US0.80. Ray Attrill of NAB says the currency could reach its 2017 peak of $US0.8125 unless the US dollar rebounds, while Sean Callow of Westpac is also upbeat about the currency’s near-term outlook. Aside from US dollar weakness, the Australian dollar has benefited from a rally in the price of key commodities over the last month.
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, RESERVE BANK OF AUSTRALIA, IG MARKETS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD