Aust dollar nears 93c on Bernanke comments

Local currency rallies more than 1.5 US cents as Fed chairman signals continuation of quantitative easing.

The Australian dollar has jumped more than 1.5 United States cents after US Federal Reserve chairman Ben Bernanke declared American stimulus measures would continue.

The local currency hit 92.94 US cents shortly before 0900 AEST, only four hours after sinking below 91 US cents.

It was at 91.96 US cents at close on Wednesday.

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