Australian dollar faces short-term squeeze higher

By Max Mason
Updated March 4 2015 - 4:13pm, first published 3:34pm
The Aussie's fall against the US dollar is due to the strength of the greenback, rather than weakness in the $A. Photo: Glenn Hunt
The Aussie's fall against the US dollar is due to the strength of the greenback, rather than weakness in the $A. Photo: Glenn Hunt

The Australian dollar is likely to rise during the short term, as currency markets reposition after the Reserve Bank of Australia's surprise decision to keep interest rates on hold.

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