Australian dollar strengthens

The Australian dollar has risen Wednesday, buying 69.62 US cents from 69.55 US cents on Tuesday.

The local currency was on the back foot yesterday as its US counterpart continued to benefit from the trade truce with Mexico, even as Washington kept up the war of words with China.

The Aussie was pinned at 69.56 US cents on Tuesday, having lost 0.6 per cent on Monday in the wake of the trade truce with Mexico.

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