Australian dollar rises

The Australian dollar has risen Thursday, buying 68.82 US cents from 68.79 US cents on Wednesday.

Yesterday, the local currency was near a five-month low as investors piled into wagers for two interest rate cuts this year, and even the chance of a third in 2020.

The Aussie was pinned at 68.83 US cents on Wednesday, just a whisker above its recent rough of 68.65 and well off the 69.34 top briefly reached at the start of the week.


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