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Australian dollar surges as local stocks register gains

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SYDNEY: The Australian dollar ended stronger as the strong gains on local stock market boosted demand for the risk driven currency. At 5pm (AEDT), the local unit was trading at US81.36 cents, up from US81.22 cents on Wednesday, before the Christmas break. The unit peaked at US81.48 cents during late afternoon trade as the Australian Securities Exchange finished the session ... Read More »