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Australian dollar is higher on global currency moves and strong US data.

Posted on 16 October 2012

At 1200 AEDT on Tuesday, the currency was trading at 102.63 US cents, up from 102.23 US cents. RBC currency strategist Michael Turner said the Australian dollar had followed other currencies higher overnight.
“The euro was very well supported overnight,” he said. “The story overnight was that Spain was coming very close to asking for a bailout, so there was appetite for the US dollar, and the Aussie dollar followed on the back of that.”……………………………………….Full Article: Source

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