Gas projects to pump up Aussie dollar

Strategists are boosting forecasts for Australia's dollar by the most of any Group of 10 currency, betting that US$190 billion of natural-gas projects will keep funds flowing into the nation as spending on mines slows.

Estimates for the Aussie's value by the end of the year have climbed 8.2 per cent to US$1.05, from 97 US cents on June 30, according to the median of 48 strategist estimates compiled by Bloomberg.

via Business feed http://www.scmp.com/business/economy/article/1141449/gas-projects-pump-aussie-dollar