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Australian dollar steady

Australian-dollar-12The Aussie dollar has risen slightly against the US dollar Thursday, buying 72.61 US cents after rising from 72.31 cents at Wednesday’s close.

The local currency is fighting a rearguard action as a rout in global share markets and a new broadside on China-US trade sent investors to the cover of safe haven currencies.

The Aussie dollar was down Wednesday at 72.13 US cents, having shed 1.1 per cent overnight as investors fled currencies leveraged to commodity prices and global growth.

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