Australian dollar boosted by strong business survey

THE Australian dollar remains higher, boosted by a better-than-expected business survey which showed conditions at a near three-year high.

The Australian dollar remains higher, boosted by a better-than-expected business survey. Picture: AP.

THE Australian dollar remains higher, boosted by a better-than-expected business survey which showed conditions at a near three-year high.

At 0630 AEDT on Wednesday, the Australian dollar was trading at 87.78 US cents, up from 87.76 cents on Tuesday.

Business conditions were up seven points to +4 points in December, according to the National Australia Bank monthly business survey.

The surprise jump was supported by low interest rates, higher asset prices and the lower Australian dollar, NAB economists said.

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