The Australian dollar dominated the FX markets over the past week after the Reserve Bank of Australia raised rates by 25 basis points to 3.50 percent, and went on to report that the economic would expand by 1.75 percent this year and 3.25 percent in 2010, compared to previous forecasts for expansions of 0.5 percent and 2.25 percent, respectively.

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Australian Dollar Rally May Continue if Risk Appetite Remains in Play