CBA's faith in Australian dollar rewarded
Despite global financial market turmoil between late July and September, the dealer did not believe the fundamental reasons for its consistently bullish AUD position were about to change.
"The world economy was being driven by Chinese growth rather than US growth," said Richard Grace, CBA's chief currency strategist in Sydney. "Demand for commodities remained solid and income was flowing into the Australian economy. Chinese growth was not about to fall into a hole and neither was Australia's
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