The Australian dollar jumped US3¢ to nearly US62¢ after the US Federal Reserve moved to expand the supply of US dollars.
But analysts expect the local currency will see downward pressure return as the economic outlook continues to deteriorate, weighing on the trade-exposed currency.
Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
