As Lutz Karpowitz, a strategist with Commerzbank in Frankfurt, said: "There are still concerns that Beijing will be unable to prevent a hard landing."
If so then this rally in risk sentiment which is helping the Australian dollar, as well as the currencies of some emerging markets, find relief from recent losses could quickly come to an end.
Read more: http://www.nasdaq.com/article/forex-focus-beware-of-aussie-overexuberance-20130812-00017#ixzz2bnQ46p6y
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