The Aussie dollar goes for gold

The idea that the local currency could become an effective gold standard is not good news for employment, and it will take lateral thinking to make the most of global currency shifts.

The hedge fund game to borrow euros and push up the Australian dollar has suddenly captured the attention of small and large traders in the US (Facing off against a jobs raid, January 24; Carried away in an Aussie dollar dance, January 23).

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