Australian dollar recovers after dropping below 85c
THE Australian dollar has bounced from a four-year low thanks mainly to US dollar weakness.
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THE Australian dollar has bounced from a four-year low thanks mainly to US dollar weakness.
At 0630 AEDT on Thursday, the local dollar was trading at 85.44 US cents, up from 85.41 cents on Wednesday.
On Wednesday evening, it dropped as low as 84.80 US cents, its weakest level since July 2010.
The greenback came under pressure in the overnight session after the release of disappointing US employment and manufacturing data.
Originally published as Australian dollar recovers after dropping below 85c
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