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10 reasons to avoid the Australian dollar
Predicting an Australian dollar collapse has been an unrewarding exercise in every sense over the past 12 months as the currency has continued its inexorable rise, but there are now very clear warning signs. Higher than expected consumer inflation data triggered a fresh surge in the currency to a 30-year high above 1.1050 against the US dollar on Wednesday. A fundamental lack of confidence in the dollar and Euro will continue to provide support for the currency, but on fundamental grounds the currency is vastly over-extended as signs of damage and risks to the Australian economy have increased sharply. The Australian ... (full story)
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