Australian dollar higher as Ukraine tensions ease
THE Australian dollar has hit a three-month high, helped by easing tensions in Eastern Europe and a stable local interest rate outlook.
THE Australian dollar has hit a three-month high, helped by easing tensions in Eastern Europe and a stable local interest rate outlook.
At 0630 AEDT on Wednesday, the local unit was trading at 91.28 US cents, up from 90.78 cents on Tuesday.
Early on Wednesday morning, the currency peaked at 91.38 US cents, its highest level since December 11.
The Crimea region of Ukraine will become part of Russia after a weekend referendum that Western nations describe as illegal.
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Sign business spirits have lifted
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