![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEho7vroreAw70i1qXSYBeAVgGgzV1GDHyb9LCSycX3EZsmtvleO8h9Sm9DhagxR0xE0WPbPpujmRCbSSJnlxrVG3NoZZ_8__Y18BRDMHotg2Wwii37uEaEt1mMjHOZuXrwBfhlDRCZ7-mE/s400/AUD-USD-6Apr08.png)
I have long argued that the AUD is moving towards parity with the USD. I can see the AUD rising as high as 1.05USD, however I remain to be convinced of that. Technically the AUD looks like gathering momentum, and I see the Fed keeping interest rates low in the lead up to the US presidential elections. Post-election I actually see US interest rates being raised aggressively, which will send the AUD into a tail-spin. So it will be a short term ascension for the AUD. I expect the Fed to start raising rates just prior to the election, if only to create the perception of independence. Who are they kidding?
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Andrew Sheldon
www.sheldonthinks.com
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