FXstreet.com (Barcelona) - Australian Dollar has been trading in an upward trend since March, reaching Year to date highs at 0.9325, but the current trend is about to top, according to the CIBC economics Research Team, which expects the Aussie to drop to 0.8250 low in the 2Q 2010.

The CIBC Economic Research Team foresees the Aussie to cap at 0.9400 before the end of 2009 to decline to 0.8700 in the first two months of next year, and bottom at 0.8250 in the second quarter of 2009.

From 0.8250, the Aussie will appreciate to 0.8550 in the third quarter of 2010 to end nnext year at levels around 0.8950, as the latest Monthly FX Outlook by CIBC shows.

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