Aust Dollar Rallies at Noon

Aust Dollar Rallies at NoonEquityworld Futures Medan : The Australian dollar has powered higher, extending a winning streak after US Federal Reserve policymakers cited a global China-led economic slowdown as a major concern.

At 12pm (AEDT) on Friday, the currency was trading at US72.62c, up from US71.77c on Thursday.

Commonwealth Bank economists said during the course of the week the Aussie had lifted some two US cents in a “relief rally”.

Source : Business Spectator