The Australian dollar has reached a 26-month high against the US dollar today (September 20th), due in part to expectations the Reserve Bank of Australia will increase interest rates before year's end. Currency account traders may wish to keep a close eye on the Aussie dollar, which some investors feel will be one of the 'winner's' of the economic recovery. Talking to the Financial Times, Kit Juckes, of Societe Generale, highlighted the attraction of owning currency of a central bank that is happy to raise interest rates and allow it to grow in value. He told the news provider: "The Australian dollar is the most obvious winner from global economic recovery and rebalancing. "Parity with the US dollar is likely at some stage, even if it is accompanied by howls of protest about the currency being overvalued." Last week, the Australian dollar also performed well against the Japanese yen, after the Bank of Japan intervened to lower the value of its currency.

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