A currency strategist says he doesn't expect the Australian dollar to remain around 95 US cents

But Andrew Salter from the ANZ bank says it is likely to rise a few cents before it falls back.

He says exporters can expect the 'Aussie dollar' to ease by mid 2014.

"Levels around 96 - 97 US cents are achievable in the near term, but we wouldn't expect the currency to trade there for an extended period of time.

"Traders should position for an an eventual depreciation to around 90 - 91 US cents."

The Australian dollar dropped below 90 US cents for a while but crept back up to 92- 93 cents US one month ago.

Andrew Salter says today's rate of 95 US cents is a little stronger than what the medium term fundamentals for our dollar, and he says in part, recent developments in America have kept it high.

"A big part of strength is the decision by the US Federal Reserve to delay a decision to taper its large scale asset purchase program; that weakened the US dollar which strengthened ours.

"Also, in Australia consumer and business sentiment and unemployment have all improved so markets willing to price out further interest rate cuts by the RBA."

Mr Salter says it's difficult to determine how the Australian dollar should be be responding to the debt ceiling budget impasse playing out in America right now.

"On the one hand, the Australian dollar is a risk exposed currency, so it should fall when global risk aversion rises.

"But on the other hand it's actually reached a new status in the last couple of years.

"It's been added to many central banks reserve-currency portfolios and as such it does receive some demand when risk rises.

"So it's being pulled in two directions at the moment."

Despite that, Andrew Salter believes once the impasse over the USA debt ceiling is resolved, the greenback is likely to rally.

"So that means the Australian dollar is likely to fall."

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