Australian dollar strengthens

The Australian dollar has risen Friday, buying 69.16 US cents from 69.09 US cents on Thursday.

Yesterday, the local currency has slipped to a two-week trough as a mixed set of local jobs data were taken as a green light for a rate cut as soon as July, driving bond yields to historic lows.

The Aussie eased 0.3 per cent to 69.08 US cents, taking it further away from last week’s top of 70.25.

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