Currency strategists at Credit Agricole believe that Australian dollar will rise to 1.05 versus its US counterpart by the end of June. In the near term, however, Aussie will find itself under pressure as Reserve Bank of Australia is likely to wait before adjusting its rate policy.

The specialists also see the Swiss franc going down as investors are looking forward to the agreement on a permanent European bailout fund at the end of May.



Chart. Daily AUD/USD

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