The recent rise of the Australian dollar to US$0.80 and developments overseas have led us to revise up our end-year forecast from US$0.70 to US$0.75. But we still believe that a fall in iron ore prices and an erosion of Australia’s interest rate premium will prompt the dollar to weaken to US$0.70 next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services