Despite facing a series global headwinds and soft numbers out of Australia in recent weeks, the Aussie dollar has remained resilient — rising 3.5 percent since the start of the year. But one analyst is calling for the commodity currency to drop as low as 80 to 90 cents against the U.S. dollar by the end of 2012 on increasing downside risks.
Australian private new capital expenditure rose 12.3 percent in the third quarter in seasonally adjusted real terms, compared with the previous quarter, the Australian Bureau of Statistics said on Wednesday.