Aussie dollar closes in on US95¢
March 2nd, 2008 | by winsonlee |
Australian dollar nearly reach US95cents on friday. US dollar weakness pushed the Aussie to a 24-year high of US94.98cents on Friday. It was the highest level since March 1984. Australia remained the second best performing currency against US dollar in February as the Fed cut the interest rates. The high interest rates in Australia are the main reason which will keep the currency strong.
