It is not fashionable to call the Australian dollar higher. The last time we did it - predicting the Aussie dollar would rise to $US1.50 as long as the boom in China continued, a barrage of online abuse ensued. The alarm is entirely understandable. Although a high Aussie dollar might be a good thing for overseas travellers, it is an anathema to exporters and anybody depending on the flow of foreign capital for a living. Indeed, a high currency slows the whole economy down. Unfashionable as it is however to forecast a rising Aussie dollar - and bear in mind there is accord in financial markets that the currency is ... (full story)