Original article by Patrick Durkin
The Australian Financial Review – Page: 26 : 29-Jan-18
The Australian dollar rose above $US0.81 in offshore trading on the weekend of 27-28 January, extending its gains since early December to eight per cent. Factors such as a falling US dollar and strengthening commodity prices have contributed to the Australian currency’s recent rally. However, the dollar’s rise may affect the timing of any change in official interest rates. Meanwhile, Citigroup expects the currency to be trading at around its current level at the end of 2018, although Westpac anticipates a fall of around $US0.09.
CITIGROUP PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, AMP LIMITED – ASX AMP, RESERVE BANK OF AUSTRALIA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, UNITED STATES. FEDERAL RESERVE BOARD