Will the Australian Dollar equal the American dollar by the end of the year?
Answer:
It is impossible to predict prices out into the future, even if it is only 5 months. Exchange rates depend on relative returns on assets and expected future exchange rates. Relative rates of inflation also play a role along with current accounts. In the end, the US dollar is likely to continue to weaken a bit, but it is hard to predict how much, how soon and how it will fare against individual currencies.
Many economists believe that the US dollar is overvalued and currently there are some inflationary pressures in the US. The wholee situation is acturally very good for the US economy, since exports and tourism should increase.
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