Australian Dollar holds gain against U.S. Dollar amid Fed monetary easing bets

Source: Bloomberg
© Scanpix/Reuters
Australia's Dollar kept a two-day gain against the greenback amid bets the Fed would maintain its commitment to quantitative easing. The so-called Aussie remained steady at $1.0365, while the kiwi appreciated 0.1% to 85.76 U.S. cents, being the best performer among 10 developed-market currencies. It is said that the Aussie's flexibility ensures strength of the state's economy.

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