Hi All,
For all of you that follow the Australian Dollar watch this story regarding BHP Billiton Ltd who last night won approval from Australia's competition regulator for its hostile $101 billion bid for Rio Tinto Group, boosting speculation that the world's largest mining takeover may succeed.
I would imagine this story would give the AUD exchange rate a boost as BHP would become a commodity - mining superpower which can only be seen as a positive for the Australian Economy.
Pounds to Australian Dollars exchange rate currently 2.2200
Buy for Now
IMS Foreign Exchange - Buy Australian Dollars at best exchange rates
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