Aussie strengthens on prospects Fed easing will debase greenback

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Source: Bloomberg
© Scanpix/Reuters
The Australian Dollar strengthened to the highest in 2 months amid prospects the Fed's further monetary policy easing will debase the U.S. Dollar. Australia's currency fetched $1.0541, the strongest level since September 17, before trading at $1.0524 at 2:56 p.m. Sydney time. The Aussie gained 0.2% to 87 yen after touching 87.04, the highest since March 28. 
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