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Aussie dollar hits 15-month high: What this means for your money – Yahoo Finance Australia
The AUD has smashed the US 70 cents ceiling and is at the highest level it’s been all year.
Theres a bit of buzz around the Aussie dollar at the moment, which has broken above the US$0.70 mark for the first time in a while.
On Thursday the AUD hit 71.41 US cents, the highest its been all year.
But prior to the recent uptick, the dollar had been falling for years. It was most recently hamstrung by Australias weak economy which was already weak before the twin bushfire and coronavirus crises as well as rising trade tensions between China and the US.
And while the economy is in an eve…
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