For high betting rates, which depend on an impressive global growth, the latest surge in commodity prices has been manna from heaven. Currencies of major oil exporters, such as the Norwegian krone and the Mexican peso, have risen by more than 1% over the past week, while the Aussie jumped immediately by 2%. Ossie has helped the night off, triggered by an optimistic estimate of the growth of the RBA. In addition, the Australian central bank raised the inflation forecast for this year from 3% to 2.75% earlier, indicating that may require further tightening of monetary policy.
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