– January 3, 2011

“The Australian dollar reached the highest since the currency was freely floated in 1983 as US data spurred speculation global growth is gathering momentum, boosting demand for currencies with higher-yielding assets.

The Aussie traded above parity with the US dollar for an eighth-straight day after copper prices climbed to record levels, boosting export prospects for the resource-rich nation. Data out next week may show US manufacturing grew at the fastest pace in seven months.” Read more

“Dollar hits new high against greenback” 
The Sydney Morning Herald, January 1, 2011. 

Image by Salvatore Vuono / FreeDigitalPhotos.net.


Tom Duncan

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