Dollar rise tipped

The quarterly Aussie Dollar Barometer report from the Commonwealth Bank showed expectations for the exchange rate were in the same direction - upwards - in all categories, and for all business sizes.

By InvestSMART · 14 Mar 2013

By InvestSMART ·
14 Mar 2013

Comments

The quarterly Aussie Dollar Barometer report from the Commonwealth Bank showed expectations for the exchange rate were in the same direction - upwards - in all categories, and for all business sizes.

$US1.08

What exporters expect

the $A to be by the end of 2013

$US1.11

What importers expect

the $A to be by the end of 2013

Go to Google News, then click "Follow" button to add us.

Share this article and show your support

Frequently Asked Questions about this Article…

What does the Commonwealth Bank’s quarterly Aussie Dollar Barometer say about the Aussie dollar outlook?

The Commonwealth Bank’s quarterly Aussie Dollar Barometer showed that expectations for the Australian dollar’s exchange rate were moving in the same direction — upwards — across all categories and for all business sizes.

Which direction did businesses expect the Australian dollar to move?

Businesses surveyed in the Barometer expected the Australian dollar to rise — the report recorded upward expectations for the exchange rate in every category and business-size group.

What level did exporters expect the Australian dollar to reach by the end of 2013?

Exporters surveyed in the report expected the Australian dollar to be around US$1.08 by the end of 2013.

What level did importers expect the Australian dollar to reach by the end of 2013?

Importers surveyed in the Barometer expected the Australian dollar to be about US$1.11 by the end of 2013.

Who produces the Aussie Dollar Barometer and how often is it released?

The Aussie Dollar Barometer is produced by the Commonwealth Bank and it is published quarterly.

What timeframe do the Barometer’s exchange rate expectations refer to?

The specific expectations cited in the report refer to the Australian dollar’s level by the end of 2013.

Were exchange-rate expectations consistent across different business sizes in the report?

Yes — the Barometer indicated upward exchange-rate expectations across all business sizes, showing consistency in the direction of sentiment.

Did exporters and importers have different Aussie dollar expectations in the Barometer?

Yes — the report shows exporters expected the dollar to be about US$1.08 by end-2013, while importers expected a slightly higher level at about US$1.11.