Aussie dollar about to hit US98c

By David Olsen · 7 October 2010 · Finance

Aussie dollar on the cusp of a major milestone

The Australian dollar is trading at a record high, but what's driving this surge and what does it mean for your investments? Find out why experts believe it's about to break a significant barrier.

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Summary

The Australian dollar is set to break US98c after trading as high as US$0.9792 this morning on the back of concerns the United States Federal Reserve will reflate the currency.