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Goldman Sees the Australian Dollar Falling to 72 Cents; Report

Gold Silver Reports (GSR) – Goldman Sees the Australian Dollar Falling to 72 Cents – The Aussie will decline to 72 U.S. cents by year-end as restrained economic growth and inflation mean the Reserve Bank of Australia will take a “few years” to catch up with the Federal Reserve in raising borrowing costs, said Philip Moffitt, Asia-Pacific head of fixed income in Sydney at the firm, which oversees more than $1 trillion.                   

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