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Australian Dollar Soars on US Dollar Weakness While RBA Faces Review. Higher AUD/USD?
The Australian Dollar has been buoyed by a rosy outlook this week that has seen the US Dollar take a hit and equity indices rally. The safe haven USD has been less sought after with the source of the positive risk sentiment hard to specifically identify. Speculation that the Fed will only go 75 basis points (bps) higher next week, instead of 100 bps, might have helped Chinese plans to potentially assist mortgage holders in the face of a boycott and speculation that builders might get funding to finish their projects may have contributed. Netflix not losing as many subscribers as feared could have also added to the ... (full story)