Aust dollar rises in early trade

Local currency rises on the back of upbeat consumer confidence data in Europe.

The Australian dollar is higher, helped by the news that the euro zone is out of recession and a rise in local consumer confidence figures.

At 0630 AEST, the local unit was trading at 91.30 US cents, up from 90.98 cents on Wednesday.

Economic growth in the Euro zone was 0.3 per cent in the June quarter, the first positive number in 18 months, EuroStat data showed overnight.

During the local session on Wednesday, it was announced the Westpac/Melbourne Institute Index of Consumer Sentiment rose to its highest level in five months in August.

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