The Australian dollar is unlikely to drop much between now and the end of the year, according to a survey of 25 market, academic, independent and industry economists, most of whom say the local unit is close to fair value now. Estimates range from US68¢ to US80¢, with the average coming in at US73.8¢. This compares with US76.3¢ in late trade on Thursday. "Fair value" normally reflects calculations based on Australia's terms of trade - the price of exports versus imports - and the difference between government bond yields in Australia and the United States. Some economists broaden this model by adding movements ... (full story)