Over the last 6 or so years the $AUS has seen continual lower lows and lower highs. The $AUS has retained this trend of sitting on the lower end of the annual scale, only peaking to its highs for short periods of time. I think the severity of the impending international financial debacle will affect other benchmark currencies a lot harder than the $AUS and therefore would hazard a guess at the top end of trading in the next 3 years or so as high as 68-70c. It seems a long way away from here but I can envisage this strength over time.
Anna- My question is why would Gold have very much influence on the Aussie Dollar? We have sold all but 30% of our gold producers to the South Africans and others. The few producers that are left are mainly midcap to smaller producers.
