Is the Australian dollar back to “safe haven” status?

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From Sinofax:

The Australian dollar has proved resilient amid the current bout of global jitters, climbing against all but the most traditional safe-haven currencies.

In late afternoon trade on Tuesday, the Aussie was buying US73.98¢, up slightly on the same time on Monday and compared with a low this year of US68.27¢.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.