The Australian Financial Review --- Page: 36 : 2 May 2008 Original article by Katja Buhrer
LexisNexis Summary
The Australian dollar peaked at $US0.9472 on 1 May 2008, before drifting lower in response to worse-than-expected building approvals data. Analysts have mixed opinions on the outlook for the currency, with Richard Grace of the Commonwealth Bank expecting it to test the $US0.96 level by mid-year. In contrast, Joshua Williamson of TD Securities does not expect the Australian dollar to make further gains, arguing that its progress will be checked by factors such as weaker economic data in Australia.
