InvestSMART

Aust dollar lifts in early trade

Local currency pushes higher on hopes of deal to end US budget impasse.
By · 11 Oct 2013
By ·
11 Oct 2013
comments Comments

The Australian dollar is higher amid signs of a deal that could end the United States political stalemate.

At 0630 AEDT on Friday, the local unit was trading at 94.57 US cents, up from 94.08 cents on Thursday.

European stock markets have soared and US stocks opened strongly higher on signs of a deal in Washington to avoid a possible US debt default.

Republican leaders said they would offer President Barack Obama a temporary deal to raise the debt ceiling in exchange for budget negotiations.

Google News
Follow us on Google News
Go to Google News, then click "Follow" button to add us.
Share this article and show your support
Free Membership
Free Membership
AAP
AAP
Keep on reading more articles from AAP. See more articles
Join the conversation
Join the conversation...
There are comments posted so far. Join the conversation, please login or Sign up.