Australian dollar rises

dollar14The Australian dollar rose on Tuesday morning ahead of the historic US-North Korea summit. The dollar rose to 76.10 US cents at 0700 AEST from 75.77 on Friday.

The National Australia Bank was set to release its latest monthly report on business conditions and business confidence, and the Bureau of Statistics was due to release its April housing finance figures.

One Australian dollar buys 83.71 Japanese yen, from 82.93 yen; 64.58 euro cents, from 64.37 euro cents; 56.88 British pence, from 56.50 pence and 108.31 NZ cents, from 108.04 cents.

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