Dollar to Stay Around 80c for 2009
June 26, 2009 - THE dollar is expected to oscillate around 80 US cents over the second half of calendar 2009, but could move higher if China's appetite for Australian resource commodities ramps up.
The domestic currency has gained about 11.3 US cents since the end of 2008, having traded higher on a more resilient performance in the local economy despite the severity of the global economic crisis.
The unit was today tracking around 80.50 US cents, up from 69.22 US cents at December 31 2008.
It's expected to end 2009 well in front on an annual basis at around 78 US cents, according to the median of seven analyst forecasts.
