March 2nd 2012, Kristine Aquino, Bloomberg.com
Australia’s dollar reached a nine- month high versus the yen as an improving global growth outlook spurred prospects the Reserve Bank will keep its key interest rate unchanged next week (Aquino, 2012).
The Aussie Dollar strengthened against 13 of its major 16 counterparts this week.
“I do think we’ll see a holding pattern” from the RBA, said Kara Ordway, a foreign-exchange strategist at City Index Asia Pacific in Sydney. “The Aussie is certainly looking good" (Aquino, 2012).
To view the full article, click here: http://www.bloomberg.com/news/2012-03-02/aussie-touches-nine-month-high-versus-yen-as-rba-seen-to-hold-rates-steady.html
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