The Australian dollar hit a two week high after rumors of the Reserve Bank of Australia raising interest rates before the end of the year and the price of crude oil jumping almost 2 percent today. The Australian central bank is thought to be one of the most likely to move away from its record lows while policy makers in places like Israel have begun to hike rates.
China plays a big part on the behavior of the aussie currency as a drop in demand for commodities by the Asian Super power will undoubtedly impact this economy who heavily relies on exports of said commodities.
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