Is there still room for the Australian dollar to fall?

Yes, first of all, the recent policy of the Bank of China suggests that it will gradually shift to a basket of currencies, and it is expected that the RMB will appreciate in the next two months. Secondly, the Reserve Bank of Australia has raised interest rates for several months and recently announced that it may stop raising interest rates. Therefore, the rise of the Australian dollar has been suppressed, but it is only maintaining a high oscillation. Finally, the Greek crisis affected the economic situation in Europe. If it is not saved, it may turn into a global crisis. As a risk currency, the Australian dollar is still bearish. It is suggested that when it drops to 0.84 or 0.79, that is, in the last two months, you can consider changing it.

The strong appreciation of 20 1 1 Australian dollar is mainly due to the following two basic reasons: First, thanks to the economic development of China, the Australian economy was not seriously affected by the international financial crisis in 2008, but recovered and developed rapidly after the crisis. According to the data of Australian Bureau of Statistics, in 20 10, Australia exported 58.3 billion Australian dollars to China and imported 39.2 billion Australian dollars from China, with a trade surplus of 19 10 billion Australian dollars, which further promoted its economic development. Last year, Australia's economy grew by 3.5%, much higher than other industrialized countries in the West.

Second, due to its own economic downturn, the United States injected capital into the market by starting the printing press and other forms, which promoted the global dollar flow to be further surplus, leading to the dollar weakening step by step. The weak dollar makes the Australian dollar stronger and stronger. In the face of the soaring Australian dollar, it can be described as mixed. First of all, this means greater opportunities for Australia's resource-based export-oriented enterprises and infrastructure construction. Mining giant BHP Billiton recently announced that it will spend $48 billion to expand mines, railways and ports in the Pilbara region. At the same time, Australian natural gas companies and cities such as Sydney will also invest heavily in infrastructure construction. The main raw materials for these expansion projects are imported from abroad. Many Australians are happy about the appreciation of the Australian dollar. They traveled around the world with a strong Australian dollar. At the same time, they will not miss the opportunity to import a large number of goods from abroad by taking advantage of the large gap in currency parity. However, for tourism, study abroad market and manufacturing, the situation is not so optimistic. Due to the poor quality of infrastructure and services, Australia's tourism industry was not prosperous at first. The same is true of the overseas study market. With the tuition fees rising year by year, the immigration threshold is getting higher and higher, and the number of students studying in Australia has dropped sharply.