Australian Dollar extends gains above US74.5c
The Australian dollar was trading at its highest levels in a month Thursday after the greenback slumped amid fresh skepticism in global markets about the Trump White House’s economic policy intentions.
The gains make the Australian dollar one of the best-performing global currencies at the moment, a reversal of recent weakness.
Further support for the Australian dollar is coming from high commodity prices, including stronger iron ore and oil, traders said.
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