I thought it would be fitting to close out another year of blog posts to celebrate the performance of one of my favorite investments: the Australian dollar.
Despite beginning the week with another round of tightening by Chinese monetary authorities, the Australian dollar put on another stellar show. The “Aussie” closed the week up over 2% against the U.S. dollar. The currency made fresh all-time highs since it was freely floated against the dollar in 1983. The monthly view shows that the ride has been a wild one to get to this point (data available only to 1990).
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