By David Olsen · 4 November 2010 · Cashflow
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The Aussie dollar has surged past parity with the US dollar, reaching as high as US1.0062 after the US Federal Reserve announced that it would buy $600 billion in treasury bonds in an additional round of ‘quantitative easing’ to prevent deflation.
Tags: Aussie Dollar, Australian Dollar, Ben Bernanke, Currency, Growth | Import | Export, Trade, US dollar