Wealth Builder FX Blog

In a previous post (October 9, 2010) I said the AUD would probably reach parity or higher with the USD and stay there.

We are now seeing that as our reality ! There has been some discussion recently that the AUD could now get to USD$1.50 or higher over he next 1 - 2 years and we at Wealth Builder FX Group believe this is certainly a good possibility. Especially if interest rates in Australia continue to rise and at the same time the USA continues to experience economic challenges.

ANZ chief Mike Smith said recently that the currency was likely to resume its climb above $US1.10, and one of the world's leading foreign exchange experts predicted the dollar would continue to rise and could hit $US1.30 in 2013 and $US1.70 by 2014.

 For those who can remember the AUD being at around 49 cents in 2001, the rise of the Aussie continues to be spectacular!!

http://www.theaustralian.com.au/business/rampaging-dollar-could-hit-us170-as-budget-and-industries-threatened/story-e6frg8zx-1226052152303

 More articles here ... http://www.news.com.au/business/australian-dollar