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1.Market Observations, 8.Was Sticky

15 July 2017 (TheAge) – ‘Parabolic’ rise takes Aussie dollar to 2017 high

(15 July 2017, p5, The Age, BusinessDay, Jens Meyer)

‘Tailwinds combined for the Australian dollar this week to push the currency to its highest level of the year against the greenback. A jump late in the local session on Friday took the currency to US77.59¢, its highest in eight months following five days of gains. With its latest rally, the Aussie has risen 7.6 per cent against the US dollar this year. “The parabolic rise in the Australian dollar this week cannot be ignored,” said BK Asset Management head of forex strategy Kathy Lien. ‘

Read more at TheAge.com.au

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