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By Rodrigo Santos Andrade
CommSec’s Ryan Felsman analyses the surge in the Australian dollar to 70.1 US cents, reaching its highest level since early 2023.
“We have seen the US dollar at a four-year low, we have seen some intervention in currency markets, particularly around the Japanese Yen of late,” he told Sky News Australia.
“That’s propelled the Aussie dollar to a three-year high as you mentioned, over 70 US cents.”
Presented by CommSec.
Tags: Australian News, Breaking News Australia, Sky News Australia