Innovation

Safe as an Aussie dollar?

Jaclyn Densley /

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.

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