03.11.2016 - Australian currency surge may signal good times ahead for global economy
To gauge whether the global economy is finally picking up, take a look at the performance of the Australian dollar since the end of June. Driven by rising local bond yields and commodity prices, the Aussie is the strongest major developed currency over that period, and some analysts are forecasting further gains to an 18-month high. Goldman Sachs Group and Commonwealth Bank of Australia say inflation in the nation has bottomed, while traders are starting to speculate that policy makers are done with easing. The world’s fifth-most traded currency climbed for a third day on Tuesday after the Reserve Bank of Australia left its benchmark interest rate unchanged and said consumer-price gains are likely to pick up...........................................Full Article: Source
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