Australian dollar gives back some of its gains
THE Australian dollar has given back some of its gains made following disappointing US data which had sparked a rally for the local currency.
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THE Australian dollar has given back some of its gains made following disappointing US data which had sparked a rally for the local currency.
At 0630 AEDT on Tuesday, the local currency was trading at 81.67 US cents, down from 82.52 cents on Monday.
The Australian dollar had surged following the release of weak US wage growth figures on Friday night.
It got a further boost on Monday following an upbeat ANZ survey showing local job ads rose for the seventh month in a row in December.
Originally published as Australian dollar gives back some of its gains
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