Original article by Vanessa Desloires
The Australian Financial Review – Page: 20 : 9-Nov-15
The Australian dollar was buying $US0.7032 on the weekend of 7-8 November 2015, after dipping to $US0.7023. The currency was sold down in response to stronger-than-forecast growth in US jobs during October, which has heightened expectations that the Federal Reserve will increase the cash rate in December. Joseph Capurso of the Commonwealth Bank believes that the Australian dollar could be trading within the range of $US0.68 to $US0.69 by the end of 2015.
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UNITED STATES. FEDERAL RESERVE BOARD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RESERVE BANK OF AUSTRALIA, WESTPAC BANKING CORPORATION – ASX WBC