Australia's dollar reverses its biggest monthly advance

Source: Bloomberg
© Scanpix/Reuters

It is projected that the Australian Dollar will end its biggest advance since September as the economy signals that the limited growth will decrease yields. Australia's currency advanced 2.4% this month, the largest gain among 10 major counterparts after Norway and New Zealand. The Aussie was little changed at 89.63 cents at 5:45 p.m. in Sydney, slipping from the level of 90.81 touched on Feb. 18, the highest in five weeks period. It reached 86.60 on Jan. 24, the weakest since July 2010. 

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