Australian Dollar trades near the weakest point in one month on U.S. budget struggle

The Aussie almost touched the bottom, falling versus majority of 16 major peers, as U.S. policymakers could not find agreement to avert "fiscal cliff", reducing demand for riskier assets. The Australian currency bought $1.0399, yet it is predicted that the Aussie might advance toward $1.07 by the middle of the year, before touching $1.01 by the end of 2012.