The Australian dollar has popped above US77c as a dovish posture from the US central bank continues to rattle the greenback.
At 7am (AEDT) on Thursday, the local unit was trading at US76.69c, up from US76.42c on Wednesday.
The
Aussie rose to US77.10c overnight as the greenback extended losses in
the aftermath of US Federal Reserve chair Janet Yellen’s Wednesday
address.
Dr Yellen flagged heightened concerns of a global economic slowdown, reducing the chance of near-term rate rises.
Source: businnessspectator
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