Aussie dollar surges to 3-year high amid commodity boom

2021-02-23 08:20

Already collect

SYDNEY, Feb. 23 (Xinhua) -- The Australian dollar rallied to a fresh three-year high on Tuesday, with bull eyeing 80.00 U.S. cents as the inflation fear helped the commodity market to surge.

At 07:00 (AEST), the Australian dollar was buying 79.15 U.S. cents, up from 78.72 U.S. cents on Monday.

The Aussie rallied for the fourth consecutive day on Tuesday and reached the highest in three years before catching a breather around 79.20 U.S. cents, with trending steadily rising as the risk-on mood on market boosted commodity currencies.

"The USD was mostly softer, AUD/USD reaching three year highs just above 0.79," Westpac Bank economists said in a morning note.

At 09:00 (AEST), the local unit was buying 79.15 U.S. cents.
Add comments

Latest comments

Latest News
News Most Viewed