(17 December 2012 – Australia) The Commonwealth Bank of Australia have just released their latest Aussie Dollar Barometer, prepared by market research and advisory firm East & Partners which is based on a survey of almost 900 businesses turning over at least A$5 million per year.Businesses continue to expect the AUD/USD to slowly depreciate next year, according to the latest Aussie Dollar Barometer. Businesses also however, predict strength in the coming months before the downward drift in 2013.
The most optimistic about the strength of the AUD, are importers who expect a peak of $1.05 in March 2013 while exporters predict a peak of $1.04 in the same period.
The latest edition of the Aussie Dollar Barometer also includes businesses expectations for the AUD in the coming decade. These long run assumptions of the currency influence businesses long-term investment and employment decisions while also providing insight into hedging strategies.
The long-run outlook for the AUD/USD exchange rate over the next 10 years strongly varies based on the size of the business. The Aussie Dollar Barometer reveals that the bigger the business, the higher the expectation of the AUD/USD forecast in the coming decade.