Australian dollar up

The Australian dollar has risen slightly Thursday, buying 70.09 US cents from 70.06 US cents on Wednesday. Yesterday morning, the local currency fell, buying 70.11 US cents from 70.31 US cents on Tuesday.

On Tuesday, it stayed firm as markets priced in aggressive cuts in US interest rates. The Australian dollar stayed firm as markets priced in aggressive cuts in US interest rates, even as events at home suggested domestic policy would likely be eased again in coming months.

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