Wikinvest Wire

Wednesday, June 22, 2005

AUS/ USD Cross Rate

Bloomberg.com: Australia & New Zealand

This article quotes a currency analyst as saying the Australian dollar will appreciate to $0.85 with in 12 months (it is just under $0.78 now).

The article is a good, short explanation of the bullish case for the Aussie. It will either be right or not but if you don't know much about this it is a good starting point.

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