Australian dollar rises

Dollar 100The Australian dollar has risen Thursday, buying 71.13 US cents from 71.07 US cents on Wednesday.

Yesterday, the local currency had rallied after domestic and Chinese economic data proved surprisingly strong, while another report circulated that the Sino-US trade dispute might be close to resolution.

The Aussie dollar hopped up 0.4 per cent to 70.99 US cents, after touching a three-week trough of 70.52 on Tuesday.

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