Australian dollar exchange rate was 1:1, the Australian Government to do anything.

<P> As many expected, the Australian finally "tied" dollars. .15, the London foreign exchange market, the Australian dollar exchange rate once reached 1:1. .Since December 1983, Australia decided to implement free-floating exchange rate system since the Australian dollar against the U.S. dollar for the first time flat. .Australian Deputy Prime Minister and Treasurer Huaiensiwang claimed that it had a "landmark," he also said that the Australian Government would not intervene. .</ P> <P> the past 27 years, the Australian dollar despite high and low, but the average level of the basic 70 cents in one Australian dollar is about. .However, since mid-June this year, the Australian dollar against the U.S. dollar soared 23% in the past 10 days to appreciate 4%. .Why is the Australian dollar rally so fast? .</ P> <P> First of all, the dollar depreciated a direct result of rising Australian dollar. .15, Federal Reserve Chairman Ben Bernanke's speech in Boston to promote the Australian dollar is a "tied" The dollar's latest push hands. .Second, Australia's high interest rates attract a large number of overseas funds. .In addition, the Australian economy maintained sound development momentum in recent years, the Australian dollar higher is the normal reflection of good economic fundamentals. .</ P> <P> present, people most concerned about is how the future trend of the Australian dollar. .In this regard, the views of economists and currency analysts described as a matter of opinion. .Some believe that one Australian dollar 80 cents is a reasonable long-term Australian dollar exchange rate level, there is now overvalued Australian dollar, not for long. .But some experts believe that Australia is rich in natural resources, a large number of coal, iron ore and natural gas exports, and as long as the smooth operation of the Australian economy, the Australian dollar was flat against the U.S. dollar is not surprising. .Only when the exchange rate rose to more than 1 to $ 1.12, the Australian dollar's value will be overestimated. .Some observers argue that, given the U.S. some time in the future will remain weak dollar policy, and stable development of China's economy continues, the Australian dollar against the U.S. dollar over the next year will only be high not low. .</ P> <P> But Swan said the Australian government does not appreciate the Australian dollar continued to intervene, because this will Australian economy "catastrophic" consequences. .Swan said the measures taken to suppress the people the Australian dollar would be counterproductive, "will only lead to further inflation and interest rates rise, the economy would have devastating consequences." .</ P>.