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Its hard to tell what happens with currencies. If our interest rates go up again our dollar could possibly climb even further. The US is not likely to raise their interest rates for some time still and are still printing money which will make their dollar weaker. They don't call it printing money - they call it buying back bonds or quantitative easing - but that's what it is exactly- printing money - literally. They finish their current round of printing money in June. I don't know if they plan to print more to boost their economy after that. Perhaps not as their economy is starting to show signs of recovery.
So we may be near a peak here in the Aussie dollar. So if you wait for it to go to $1.20 or something you may miss the high point which is in the very near future.
I doubt you would lose virtually anything by buying now whilst the dollar is $1.08 and even if it went up a bit more you still locked in an excellent perhaps not to be seen again for a long time rate.
Just my opinion.
Greg
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