THE Aussie dollar leapt to a 40-month high of 65.69 US cents against the US dollar, thanks to rising pressure on the greenback following US Treasury Secretary John Snow's comment that the long-standing strong dollar policy did not imply any view about the exchange rate.
At meetings with the Group of Seven (G7) in Deauville, France, over the weekend, Snow pointed out that the recent US dollar weakness was “really fairly modest.”
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