THE Aussie dollar is expected to again be a burden on producers’ backs, as it looks set to remain at an average US88c in the next financial year, according to the latest information from this morning’s ABARE Outlook 2010 conference.
However, it could ease lower to an average of US80c in 2014-15, if economic recoveries in other key countries, particularly the US, gather pace, and market sentiment toward the US dollar strengthens.
Meanwhile, ABARE says the US will continue on its track to a more stable economy, as its consumer spending, exports and investments continue to improve.
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