Fed: ABARE expects $A to average 65 US cents this year

AAP General News (Australia)
02-29-2000
Fed: ABARE expects $A to average 65 US cents this year

Australia's leading commodities forecaster says it expects the Aussie dollar to end
the financial year on average of 65 US cents -- despite a recent deterioration in the
exchange rate.

The Australian Bureau of Agricultural and Resource Economics says it expects the Aussie
to appreciate gradually in the short term, reflecting strong world …