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The AUD at a 2 year high
Tuesday, 21 Sep 2010
A Japanese holiday Monday kept Yen trading light as investors still keep an eye out for more Japanese intervention.
The Australian Dollar, a growth linked currency, gained more than 1% against the greenback. Reserve Bank of Australia Governor Glenn Stevens's strong assessment of the Australian economy boosted the AUD higher versus the Dollar. The hawkish remarks lifted expectations of an impending interest rate hike boosting the currency.
The Australian Dollar Monday hit a series of two-year highs, topping out at $0.9495 from $0.9372 late Friday.
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