Dollar bloc upsurge boosts Australian forex turnover
The Aussie, along with the New Zealand and Canadian dollars, has become a popular currency in recent months, as Australia offers relatively high yields compared with G3 currencies.
"Data suggests a significant rise in turnover has occurred in line with renewed investor interest in the AUD and NZD," said Karen Pringle, senior currency strategist at ANZ Investment Bank in London.
That data includes a report from the Australian Financial Markets Association, showing that total FX market turnover
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