The Australian dollar has risen Wednesday, buying 69.90 US cents from 69.79 US cents on Tuesday. The local currency was at 69.76 US cents Tuesday from 69.14 US cents on Monday. Monday morning, the Aussie was at 69.34 US cents from 69.14 US cents on Friday.
Last Friday, the local currency was little changed against the US dollar but teetering near a critical support level against the safe-haven yen due to fears that US President Donald Trump’s aggressive trade diplomacy could lead to recession.
