Australian dollar firms despite ongoing Ukraine crisis
THE Australian dollar has gained some ground but the Ukraine crisis continues to weigh global markets down.
THE Australian dollar has gained some ground but the Ukraine crisis continues to weigh global markets down.
At 0630 AEDT on Tuesday, the local unit was trading at 89.32 US cents, up from 89.24 cents on Monday.
Escalating tension between the Ukraine and Russia dragged global markets down on Monday, hurting risk appetite and pushing the Aussie dollar as low as 88.91 US cents, the currency's weakest level since February 5.
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