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Headaches for Reserve Bank as Aussie battler becomes dollar dazzler

Jul 17, 2017 (The Australian - ABIX via COMTEX) --

The Australian dollar has gained three per cent against its US counterpart in the last week, peaking at a two-year high of $US0.7836 in intra-day trading on 17 July. Meanwhile, the Australian dollar trade-weighted index has risen to 66.4 points. Ray Attrill of National Australia Bank says the currency's recent strength means the Reserve Bank will not increase the cash rate as quickly as financial markets had expected..

Publication Date: 18 July 2017

NATIONAL AUSTRALIA BANK LIMITED - ASX NAB
RESERVE BANK OF AUSTRALIA
COMMONWEALTH BANK OF AUSTRALIA - ASX CBA
GROUP OF TEN (G-10)
UNITED STATES.  EXECUTIVE OFFICE OF THE PRESIDENT
BLOOMBERG LP

By David Rogers

Copyright 2017 Roy Morgan Research. All Rights Reserved.

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