THE Australian dollar has bounded to its highest level since the lowest point of financial crisis, driven by a growing sense of financial gloom in the US.
The dollar struck a post-crisis high of US94.57¢ yesterday, urged by speculation the US Federal Reserve may soon boost the brink of US dollars through the less conservative method of ''quantitative easing''.
Market rumours be rife that the Fed will recommence next week the program which involves purchasing US government bonds to prop up declining investor self-assurance. The reports provoked a plunge - based on wide selling - in the world's reserve currency.
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