Time to shine
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The Aussie dollar’s rally has removed much of its undervaluation versus the US$, says Karen Pringle, senior currency strategist at ANZ Investment Bank in London. But further gains are possible if US capital inflows have peaked and if commodity prices continue to soar
Since hitting a year low of $0.5050 on January 30, the Australian dollar has risen almost six cents to near one-and-a-half-year highs against the US dollar. A catalyst has been the emergence of US$ weakness, with the search
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