aussie dollar

Now over the 90, the level we needed.


05:19 Australia/Sydney..Home » Articles » BREAKING NEWS » News
$A closes higher, nearing 91 US cents The Australian dollar closed firmer on Tuesday after investor sentiment for the high-yielding currency pushed it within an inch of $US0.9100.
The Australian dollar closed firmer on Tuesday after investor sentiment for the high-yielding currency pushed it within an inch of $US0.9100 for the first time in 14 months.

At 1700 AEDT, the local currency was trading at $US0.9073/76, up from Monday's close of $US0.9024/28.

During the overnight session, the unit traded between $US0.9059 and $US0.9095, according to IRESS data.

The Australian dollar hit an intraday high of $US0.9095 shortly after 1030 AEDT on Tuesday, the currency's highest level since it reached $US0.9130 on August 7, 2008.

RBC Capital markets senior economist Su-Lin Ong said that with no top tier economic data delivered during Tuesday's domestic session, the local unit relied on strong fundamentals to maintain its lofty high above $US0.9000.

"The Aussie dollar has held its ground today," she said.

"Obviously, that's in part a function of the weaker US dollar which remains on the defensive and ... reflects the fundamentals here.

"The outperforming of the Australian economy, the central bank that's leading the exit strategy and the yield being extraordinarily attractive in Australia ... all point to a higher Aussie dollar