Heading for parity?

There are suggestions the dollar could hit parity again this year. It sounds good, but it will be a fine balancing act for policymakers.

Morgan Stanley created a bit of stir earlier this week after its strategy team put out a note suggesting the Australian dollar could hit parity again – sometime later this year.  

I too have been bullish on the $A since late last year, and that has proven to be the right call. So I think the general gist of Morgan Stanley’s piece is right. The $A is heading higher – but will it hit parity?

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