Aust dollar hits three-month high

Local currency holds above US93c in early trade on upbeat Chinese data.

The Australian dollar has hit a three-month high as another batch of stronger-than-expected Chinese data boosted confidence about the state of the world's second largest economy.

At 0630 AEST, the local unit was trading at 93.18 US cents - its highest level since June 18 - up from 92.50 cents on Tuesday.

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