Australian dollar rises

Dollar26The Australian dollar has risen Friday buying 70.81 US cents from 70.74 US cents on Thursday.

Yesterday, the Australian dollar had held its nerve even as global share markets crumbled for a second day, with losses on Wall Street and a sharp drop in Treasury yields hindering their US counterpart.

The Aussie dollar was 0.26 per cent firmer at 70.76, having again found solid support around the 70.41-50 US cents area which marks recent 32-month lows.

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