BBH: AUD / USD could reach parity

The Australian dollar is trading on a positive note in European trading. AUD / USD has appreciated by more than a hundred points and set a two-week high of $ 0.9940. BBH staff noted that the support of the "Aussie" has a growing optimism of investors, as well as the stabilization of copper prices. They expect a further strengthening of the Australian currency against the U.S. competitor in the short term, expect to see as AUD / USD reaches parity, then at $ 1.0080 As, and potentially $ 1.02. BBH analysts added that the momentum of the pair can give a report on Australia's number of employed in September, if the data could be stronger than expected. The current rate of AUD / USD $ 0.9926.