29 March 2011
Last updated at 22:05 ET
The Australian dollar has risen to a 29-year high against the US dollar as demand for the country’s commodities continues to grow.
It rose as high as $1.0318 in trading on Wednesday, the highest since the currency was freely floated in 1983.
There has been a steady demand for Australian commodities from growing economies like China and India.
High interest rates and relatively low inflation have also seen investors pump money into the country.
Here is the original post:
Australian dollar at 29-year high