National Australia Bank's head of market strategy, Greg McKenna, said the local currency continued to capitalise on the US dollar's recent weakness across the board, which he said looked unlikely to change in the near future.
"Every single underlying fundamental for the Aussie points higher,” he said. “It's hard to find a dark cloud."
McKenna told AAP the Aussie was set to pierce 74-75 US cents in 2004 before running out of steam.
National Australia Bank's head of market strategy, Greg McKenna, said the local currency continued to capitalise on the US dollar's recent weakness across the board, which he said looked unlikely to change in the near future.
"Every single underlying fundamental for the Aussie points higher,” he said. “It's hard to find a dark cloud."
McKenna told AAP the Aussie was set to pierce 74-75 US cents in 2004 before running out of steam.
