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Growth

Australian dollar soars

by Staff Reporter7 minute read
The Adviser

The Australian reached 104 US cents this morning, the highest level since the currency was floated in December 1983.

Analysts say the sudden jump in the Australian dollar can be attributed to a dramatic slump in the US unemployment rate and weak ISM manufacturing data.

The Australian dollar is expected to trade between 103US cents and 104US cents today.

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