Australian dollar rises

DollarThe Australian dollar has risen, buying 72.32 US cents from 72.22 US cents on Thursday.

Yesterday, the local currency has slipped for a third straight session as fears of renewed US-China trade tensions spooked stock markets, while investors toyed with the idea of possible rate cuts at home.

The Aussie dollar dropped to 72.24 US cents on Thursday, wiping out a week’s worth of gains and taking it further from the recent 73.94 top.

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