Fri, 18 Oct 2013 11:03:26 GMT
Aussie rise to 4-month high on optimism Fed will maintain monetary stimulus
The Australian Dollar climbed yesterday to four-month high amid optimism the Federal Reserve will postpone shortening in monetary expansion. The Aussie weakened 1% to 96.24 US cents at 11:27 in Sydney, after jumping to 1.7% , the highest weekly advance since period that ended on September 6.The Australian currency reached 96.47 yesterday, the highest since June 14.