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Australia’s key commodity exports, iron ore and coal, have been on a spectacular rally over the past weeks, yet the dollar is stuck below US77¢ as larger forces hold back the currency.
Since early August, the Aussie has made about a dozen attempts to jump the US77¢-level – the latest last week following a strong headline inflation number – only to be knocked back immediately…………………………………..Full Article: Source
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Commodities rally fails to fire up the Aussie dollar
| Posted on 31 October 2016 |
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