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Aussie Dollar Could Hit 90 US Cents In 2018

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Aussie Dollar Could Hit 90 US Cents In 2018 (Reuters)

An economist believes the Australian dollar could rise as high as 90 US cents next year.

HSBC Chief Economist Paul Bloxham says improved global growth and interest rate hikes will drive the dollar higher.

That includes the Reserve Bank of Australia, which is tipped to lift the cash rate in 2018.

It's currently trading at about 75 cents. 

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