At 07:00 (AEST), the Australian dollar was buying 74.44 U.S. cents, up from 74.05 U.S. cents on Thursday.
The U.S. dollar index fell 0.50 percent on the day to a fresh three-year low as fiscal relief talks made progress. The Australian dollar took advantage to rise to 74.50, its highest level since 2018.
At 09:30 (AEST), the local unit was buying 74.39 U.S. cents.
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