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An upbeat report from the International Monetary Fund (IMF) helped the Aussie dollar advance against the US dollar this morning.
The IMF today said that economies in India, China and Australia were recovering rapidly, leading the market to speculate that the RBA may hike interest rates by more than 25 basis points at its next monetary policy meeting. 'In a few special cases...the recovery is advancing so rapidly that output gaps are already starting to close and pressures are already emerging,' the IMF said in a regional economic outlook report.
