Aussie advances versus Greenback on profit-taking

Source: WBP Online
© ScanPix/AFP
The Australian Dollar rose against its US counterpart on Friday, as the Greenback was mostly easing after the recent rally, while traders were taking profits. The AUD/USD pair managed to rise above the $0.71 handle in the session, trading 0.44% higher at $0.7104 by 09:45 AM GMT. Meanwhile, the recent report from Australia revealed that country's PPI for the third quarter improved considerably to 0.9% from 0.3% in the prior quarter. 
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