Aussie dollar on path to parity

WITH the Australian dollar closing over US90c yesterday for the first time since July 1984, analysts believe it is only a matter of time before it reaches parity with the US dollar.

Aussie dollar on path to parity Aussie dollar on path to parity Aussie dollar on path to parity Aussie dollar on path to parity Aussie dollar on path to parity

The dollar, which has since fallen, was trading today at US89.31c at 12.23 EST after closing at a 23-year high of US90.33c yesterday.

ANZ commodity strategist Mark Pervan told MiningNews.