The Australian dollar is overdue for a correction and is likely to settle around US90� this year as a continuing recovery in the world's biggest economy pushes the US dollar higher, currency experts say.

It will not only have to lure viewers, but the networks themselves. Menu. Australian dollar lifts on Wall St rally. 5 min ago.

Currency analysts say renewed confidence in the US economic recovery is combining with increasing worries about Australia's economic outlook to push the local currency down against the greenback.

Deborah Knight: The Aussie dollar is well and truly on the way down after spending most of the last couple of years valued more than the US dollar.

The Australian currency has been falling sharply and selling Aussie dollars for the appreciating Mexican peso is becoming an increasingly popular trade, said one analyst.

To give you a sense of how significant such a move could be, the Aussie traded at 1.05 against the dollar in mid-April. So a drop to $0.80 would be a 23.8 percent decline.

The Australian dollar has fallen to its lowest level in almost a year, with no signs the sell-off will be over any time soon.

SYDNEY�There could be a wave of selling in the Australian dollar if the currency breaks an important support level, traders warned on Thursday.

The Australian dollar has fallen to a new 11-month low, after US stocks lost ground on the back of another batch of weak economic data.

Mr. Swan has cited the longstanding strength of the Australian dollar and falling commodity prices as factors that have eroded government tax revenues, contributing to a weakening of the budget's bottom line.