Dollar up on commodities, China stock strength
THE Australian dollar is higher amid a turnaround in global market sentiment following gains in Chinese stocks and most commodities.
THE Australian dollar is higher amid a turnaround in global market sentiment following gains in Chinese stocks and most commodities.
At 0630 AEDT on Friday, the local unit was trading at 69.84 US cents, up from 69.42 cents on Thursday.
The Aussie outperformed most major currencies overnight after slipping to a four-month low of 69.10 US cents during the London morning session.
CURRENCY SNAPSHOT AT 0630 AEDT ON FRIDAY
One Australian dollar buys:
* 69.84 US cents, from 69.42 cents on Thursday
* 82.56 Japanese yen, from 81.65 yen
* 64.31 euro cents, from 63.81 euro cents
(*Currency closes taken at 1700 AEDT previous local session)
Source: IRESS
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