Online bookmaker sportsbet.com.au is predicting the Australian Dollar to end the year higher than the current 77c, with $3.00 on offer for it to be buying between 80c and 84.99 US cents.
- AUD a $21 chance of reaching parity in 2017
- Expected to sit between 80c and 84.99 US cents by end of year
- ASX a $3.00 chance to reach 6000 this year
To reach parity with the US Dollar is only a $21 prospect.
Our dollar is a $3.50 chance to stay within the current bracket of 75c and 79.99c by the end of 2017.
The ASX is also on the move, however reaching the magical 6000 mark before the end of the year is a $3.00 outsider, with $1.35 the price for it not to happen.
“We can’t see the Aussie Dollar reaching parity but it’s definitely heading in the right direction,” said sportsbet.com.au’s Christian Jantzen.
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End of Year AUD/USD
$11 Under 70 cents
$5.00 70 – 74.99 cents
$3.50 75 – 79.99
$3.00 80 – 84.99
$4.00 85 – 89.99
$11 90 – 99.99
$21 $1.00 or higher
End of Year ASX 200
$16 Under 4500
$7.50 4500 – 4999
$4.00 5000 – 5499
$2.75 5500 – 5999
$4.00 6000 – 6499
$5.00 6500 or higher
Will the ASX 200 reach 6000 in 2017?
$3.00 Yes
$1.35 No
Peak AUD/USD in 2017
$6.00 Under 78
$3.00 77 – 84.99
$2.75 85 – 89.99
$5.00 90 – 94.99
$7.50 95 – 99.99
$16 $1.00 or higher
