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Australian Dollar news

  
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Australia's dollar by 2015 could become an official global reserve currency.
Australia has long prided itself on “punching above its weight” in global sporting contests such as the Olympics. Now, the resource-rich nation of 22.6 million people and the world's 12th biggest economy may see its currency do the same, with the ...
Why the Strength of the Australian Dollar is Both Mysterious and Obvious  Daily Reckoning - Australian Edition
Aussie, Canada dollars termed reserve currencies
LONDON (MarketWatch) - The Australian and Canadian dollars, the world's leading commodity-rich currencies, are being formally classified as official reserve assets by the International Monetary Fund, marking the onset of a multi-currency reserve ...
Australia welcomes move to count its dollar as reserve currency  Mail & Guardian Online
IMF considering loonie as reserve currency  National Post
Deloitte predicts bright future for tourism despite high Australian dollar
LACHLAN SMIRL: The dollar has certainly been a factor for Australian tourism and I think it's come through most strongly on outbound travel by Australians, which as we know is (inaudible) double digit growth over the last decade.
Is RBA printing money to weaken dollar?
Central bank purchases of Australian dollars are seen as one reason for its strength, with up to 23 of the official institutions from around the globe including the currency in their portfolios.
Australia Sparks Currency Gain by Holding Key Rate: Economy  Bloomberg
RBA might be printing money for foreign banks: UBS  Radio Australia
LEARN FOREX: Chinese CPI Correlates with Aussie Dollar
Therefore, if the Chinese economy slows down, that will naturally affect the need and demand for Australia's iron ore which is needed for China's infrastructure growth.
Currency Devaluation: While Europe Gets Sinned, Australia Sins
It is trying to counteract the rise of the Aussie dollar which has happened because other countries are printing money and thereby devaluing their currency.
dollar could stay up a while longer
"The Swiss National Bank, for instance, has been diversifying into Australian dollar reserves as it works to hold down the value of the Swiss franc against the euro.
From verandas to dollars: why is moving to Australia so attractive?
What is it about Australia that makes the country such an appealing destination to Brits? Is it the sunny weather? The Australian lifestyle? The perceived prosperity? Or a combination of all of these factors? Not everyone's trying to escape Blighty ...
Foreign investment props up dollar
At the same time, the role interest rates have played in the strength of the Australian dollar may be overstated. There has been a lot of focus on foreign purchases of Australia's government debt as a cause of Aussie strength.
Dollar Shave Club set to launch in Australia
The Australian site is expected to go live in the next two months. Dollar Shave Club raised $US1 million in "seed" funding from venture capitalists including Facebook investor Andreessen Horowitz, which hope to find the new zappos.