The Australian dollar powered through 61 US cents to a three-year high yesterday after the Organisation for Economic Co-operation and Development (OECD) praised Canberra for its sound management that made Australia one of the world's best performing economies.
Even revelations that the country's current account deficit had blown to a record A$11.6bil in the December quarter – mainly on the impact of a drought, weak world demand and aircraft imports – failed to dampen demand for the currency.
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