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Australian dollar rises

dollar4The Australian dollar has risen Wednesday, buying 71.93 US cents from 71.57 US cents on Tuesday.

Yesterday, the local currency consolidated gains as signs of progress in the Sino-US trade dispute were taken as a positive for the Chinese economy and commodity prices.

The Aussie dollar hovered at 71.64 US cents, having stretched as high as 71.84 US cents overnight.

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