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| Over-valued Aussie dollar heading for correction |
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Tuesday, 16 September 2014
Floodgates tested as global factors push Australian dollar below US90c :Although not discounting a rebound, economists have begun noting that the currency's movements are now more closely tracking changes to basic economic indicators, such as the price of iron ore and coal, which together account for about one-third of Australia's export revenue : Over-valued Aussie $ heading for a correction.
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