Markets: The Aussie dollar's Chinese chains

Chinese demand for commodities is helping push the dollar back up and analysts are divided on whether it's trading at fair value.

After a 16 per cent fall between April 11 and August 2, the Australian dollar is, incredible as it may seem, on the rise. True, it is a modest one at best – up 2.5 per cent since August 2 – but nevertheless a gain.

At 0814 AEST the Australian currency was at 91.31 US cents, up from 89.05 US cents on August 2, according to Bloomberg data. So is it trading now at “fair value”, as ANZ Bank’s foreign exchange strategist Andrew Salter thinks?



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...

  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles