The Aussie Hits a Record High |
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Market Brief The spot light yesterday was on the Australian dollar as it hit a 24 year high. Investors it seems were much attracted to currencies whose economies are currently battling rising prices amid strong growth. This is presently the case of the major economies within the Pacific rim. Singapore announced a 17 year high price surge accelerating at a 6.7 per cent rate in March. Malaysia and Hong Kong also posted inpressive inflationary figures although dampened by domestic intervention
Filed under: Fundamental
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