CIBC predicts weakening in Australian dollar in the next year

As the currency analysts CIBC, from March-month Australian dollar moves in an uptrend and has already peaked this year at 0.9325. However, consider a bank, this trend is practically exhausted itself. Strategists Bank believes that by year-end pair AUD / USD reaches a maximum at 0.9400, then the first two months of next year will fall to a mark 0.8700, while in the second quarter will fall to the level of 0.8250. In the third quarter of 2010 in the bank expected growth in the Australian dollar to a level of 0.8550, and by the end of the year, analysts said the bank, the pair AUD / USD will rise to 0.8950. At the moment pair AUD / USD is trading at around 0.9315.