GRIEF FOR GREENBACKS

摘要

The Australian and Canadian dollars will keep gaining on the U.S. dollar in 2010, appreciating at least 3% and 7.5%, according to Bloomberg's top forecasters for each cur-rnrency. U.S. growth will spur demand for Canadian oil and natural gas, and China should boost purchases of Australian iron ore and coal, which will push the currencies higher, says Sacha Tihanyi, a foreign exchange strategist at Bank of Nova Scotia. In the two years following the 2001 recession, the currencies traders dub the Aussie and loonie rose 48% and 23%, respectively. Since last year's lows, the Aussie is up 49% and the loonie 27%. On Jan. 11, $1 U.S. bought 1.08 Australian and 1.03 Canadian. John Kyriakopoulos, head of currency strategy at National Australia Bank, thinks the Aussie will reach parity with the U.S. dollar and that by March it may take more than $1 U.S. to buy $1 Canadian.