Bitcoin is now becoming a “safe haven asset” and predicted to hit $15,000 in the wake of the devaluation of China’s currency, with the cryptocurrency jumping 10 percent as global stocks reacted to the devaluation of the yuan and the China-US trade war intensified, according to the chief of one financial analyst firm.
Australian IT spending forecasts for 2016 have been revised upwards from $79.9 billion to $83.3 billion by analyst firm Gartner due to currency fluctuations, demonstrating the strength of growth in the market compared to the continuing flat spending forecast globally.
With the Australian dollar having dropped by almost 25% against the US dollar, it was but a matter of time before Apple’s Australian prices rose.
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