The Australian dollar was higher after rising to a two-week high, helped by a lift in metals prices and better local consumer sentiment data.
At 6.30am AEDT the local unit was trading at 103.45 US cents, up from 103.39 cents at yesterday’s local close.
In overnight trade it peaked at 103.62 US cents, its highest level since January 30.
Yesterday the Westpac/Melbourne Institute announced that its consumer sentiment index rose by 7.7 per cent to 108.3 in February, its highest level since December 2010.
Source:
http://www.theaustralian.com.au/business/markets/australian-dollar-up-as-metals-prices-strengthen-sentiment-improves/story-e6frg94o-1226577583127
