Australian dollar higher after strong Chinese data

THE Australian dollar has hit a four-week high following the release of some strong Chinese manufacturing data.

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THE Australian dollar has hit a four-week high following the release of some strong Chinese manufacturing data.

At 0630 AEDT on Thursday, the local dollar was trading at 78.96 US cents, up from 78.88 cents on Wednesday.

Data released by HSBC on Wednesday showed that Chinese factory activity expanded in February, ending two consecutive months of contraction, a bright spot for the world’s second-largest economy.

Originally published as Australian dollar higher after strong Chinese data