Topic: Forex News - Our dollar on a roll, and against more than just the greenback - The Age- Topic: Forex Trading

But the currency is also at a decade high against the British pound, a five-month high against the New Zealand dollar, and a one-month peak against the European currency, the yen and the yuan. Mr Williamson says negotiations for bulk commodities such as coal and iron ore that have locked in high prices for Australian resources, have helped support the dollar. Sonray Capital Markets chief economist Clifford Bennet thinks this situation may force the dollar to parity with the greenback this year and to between $US1. In addition, many exporters hedge their exposure to currency fluctuations, locking in contract prices or taking out loans in foreign currencies when they have substantial operations overseas. read more

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