By Guest Author · 16 July 2008 · Locked
The Australian dollar has broken a 25-year barrier, but what sparked this sudden surge? Find out how US Federal Reserve chairman Ben Bernanke's comments have shaken the global economy.
Last night, the Australian dollar broke the US$0.98 barrier for the first time in 25 years, posting at a peak of US$0.9849 before settling back into the high $US0.97 range. Currency surges occurred following remarks made by US Federal Reserve chairman Ben Bernanke about the “uncertain” outlook of the US economy. “The possibility of higher […]