Aussie at US88.75c

Craig James

CommSec

Aussie at US88.75c. Why? Because US dollar is up on tightening speculation. US dollar index at 4-year high. Actually on June 30 2010 when US dollar index was at these levels, the Aussie was near US85c. US dollar index is up for 10 straight weeks - biggest winning run (apparently) since float in 1973. In other words not an insignificant change! Stronger US dollar puts downward pressure on commodity prices.


Craig James
Craig James
Chief Economist
CommSec

I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...

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