Australian dollar hits four-month high
THE Australian dollar jumped to a four month high overnight following a sharp rise in Chinese stocks.
THE Australian dollar jumped to a four month high overnight following a sharp rise in Chinese stocks.
At 0630 AEST on Wednesday, the Australian dollar was trading at 93.59 US cents, up from 93.17 cents on Tuesday.
The local currency reached a peak of 93.67 US cents overnight, its highest level since November 19, after the Chinese sharemarket rose sharply during late afternoon trade.
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