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Australian dollar up on commodity price strength

Posted on 16 August 2013

The Australian dollar rose against most currencies in Thursday’s Asian session as commodity prices continued to recover on the back of recent signs of economic improvement in China, Europe and the U.S.
Late Wednesday, the Aussie was trading at US$0.9168, compared with US$0.9106 late Wednesday. In the latest positive sign, Wednesday’s second-quarter GDP data from the euro zone showed the region emerged from a six-quarter-long recession………………………………………..Full Article: Source


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