The Australian dollar may owe at least part of its resurgence this year to the return of some of the deepest-pocketed buy-and-hold investors on the planet: central banks. Reserve managers’ holdings of the world’s fifth-most traded currency rose to a record in the first quarter, according to the International Monetary Fund, which tracks the $8.8 trillion held by those in central banks that reveal their allocations. The Aussie jumped 5.8 percent against the dollar in the period, the most among major developed currencies and its strongest such performance since 2010.
Source: Bloomberg Pro Terminal
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