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Australia's strong links to Asia, a growing population and vast resources are key to Australia's future economic success even if the mining sector faces problems RBA's Deputy Governor Philip Lowe said in his speech to economists in Sydney today. He further mentioned that the Australian dollar should decline with lower commodity prices and investment. A global raise in interest rates is something we should hope to see sooner rather than later, he stated. Australia's benchmark rate at 2.5% is currently attracting investors supporting the aussie.
AUD/USD currently trading at new four-year lows
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