Will Global Central Banks' FX Diversification Help the Aussie?
Posted on April 09, 2012 at 03:37 AM EDT
Globally central banks are increasingly diversifying their foreign exchange reserves away from the U.S. dollar and the euro, according to latest data from the IMF's Currency Composition of Foreign Exchange Reserves (COFER), and forex analysts tell CNBC the Australian dollar could be among the main beneficiaries.