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The
Australian dollar (A$) is continuing
to push further
above parity against
the US dollar (US$), reaching a
29-year
high. This reflects a
combination of strong commodity
prices, US$ weakness
and high Australian interest rates.
•
Unless
the global economy slides back into
recession, which
appears unlikely, the
A$ is likely to average above parity
over the next few years
on the back of strong commodity
prices and relatively
high Australian interest rates. Expect
US$1.10 by year end.
•
On
balance, a strong A$ is positive for
the Australian
economy and is part of
the adjustment made necessary
by strong demand for
Australian raw material exports. |
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About Oliver's Insights
Oliver's Insights is a regular update from Dr Shane Oliver, Head of Investment Strategy & Chief Economist, AMP Capital Investors. In Oliver's Insights, Dr Shane Oliver explores the latest issues regarding financial markets and the economy.
Who is Dr Shane Oliver?
Dr Shane Oliver joined AMP in 1984 as a research officer and in 1994 became AMP's Chief Economist. He now plays a major role in determining AMP Capital Investors
investment strategy and asset allocation. He also provides economic forecasts and analysis to the asset class portfolio managers. As Chief Economist, he maintains a media profile for AMP Capital Investors on economic and investment market issues.
What you need to know:
The advice on this page is not based on your personal objectives, financial situation or needs. Accordingly you should consider how appropriate the advice is to those objectives, financial situation and needs before acting on the advice and, before buying any financial product, you should read the current product disclosure statement.
CA Financial Services Group Pty Ltd ABN: 94 003 100 301 is an Authorised Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 (AMPFP). AMPFP
holds an Australian Financial Services Licence
(No 232706).
For further details including the financial services we can offer you and how we are remunerated for, please read the Financial Services Guide
(FSCG) below:
FSCG - CA Financial Services Group
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