Aussie dollar: up or down?
In the weeks following the collapse of Lehman Brothers in late 2008, AUD/USD reached a record low of 0.60, but the currency pair has climbed a steady path over the past three years and reached a high of 1.10 on May 2. By July 7, the spot rate had dropped back to 1.07. Some currency strategists believe the Australian dollar has been over-bought and its strength is a product of the economic climate, the demand for commodities and the weakness of the US dollar. But, while some believe the currency
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