Safe as an Aussie dollar?
Wednesday, June 27, 2012/
The Australian dollar remained slightly above parity overnight, continuing to defy those who are betting that the sharp slide in commodity prices will cause the currency to tumble.
A number of hedge funds have been shorting the Australian dollar, believing that, with commodity prices dropping sharply, it’s only a matter of time before the currency follows suit.
For the full story visit Business Spectator.