Australian Dollar has hit US 80 cents today, no room for interest rate hike at this stage . Also with the projected increase in mining and LNG, I would venture to say there will be more upward pressure on the dollar in the near to medium term. The Fed on the other hand will need to raise rates just to prop up the dollar and at the same time hope not to undo the last 10 years worth of QE efforts to jump start the economy this will need to be controlled and restricted to a snails pace , otherwise risk an economic down turn or on the other hand an uncontrollable rise in the US dollars that would have the affect. Either way all indications are for the reserve to hold for the near to medium term
