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ASX to surge on US Congress news as Australian dollar continues rally – ABC News
The Australian share market could rise by as much as 2 per cent on Thursday, as it takes a lead from a rally on Wall Street.
The Australian share market could rise by as much as 2 per cent on Thursday, as it takes a lead from a Wall Street rally.
As of 6:30am AEST, ASX 200 futures were up 1.9 per cent to 6,670.
That follows several days of the market closing down as COVID cases pose a downer in Australia.
The Australian dollar has also continued to rise (+0.4pc) to 77.87 US cents.
Some analysts have even been predicting the dollar could rise above 80 US cents again, as China demands Australian iron ore.
US rally on Congress…
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