Aussie trades near 7-week high on Friday

The Australian currency is heading for a third straight week of gains after a data showed that leading economic indicators advanced suggesting that the country's economy is stabilizing and increasing a demand for the currency. The so-called Aussie was traded 0.3% from the highest level in seven weeks at $1.0459 reached yesterday, when it slid 0.1% to $1.0428 on Friday.