As Japan looks foe quantative easing, investors move to the Australian Dollar. As the Chinese and Australian discuss the Free trade agreement , the Aussie moves up. As Europe slackens , tied by both political and economic woes , investors need a place to park away from Europe. Australia has big territory and is migrants' friendly. All the elements thus ranging from Chinese economic friendship to being close to Indonesia Malaysia and Japan help this minerally rich continent . It is also an educational destination. Australian Dollar is thus a good haven. It is a focal destination for Asia.
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