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Currencies – Aussie Reaches Parity with Greenback as RBA Holds Interest Rates

Posted on: February 1, 2011

The Australian dollar climbed to parity with its US counterpart today as the global economy recovers, commodity prices advance and private investment in the nation increases, reducing the incentives for an interest rates cut. The Reserve Bank of Australia kept its cash rate at 4.75 percent, conti

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