(Bloomberg) — Australia’s dollar broke through 75 U.S. cents to its highest level in two-and-a-half years as investors ramped up bets on a successful vaccine roll-out and improving global growth.
The rose as much as 0.8% to 75.04 U.S. cents, the highest since June 2018. It has gained 6.8% against the greenback this year as a rebound in China’s economy and recovering iron-ore prices bolster demand for the commodity currency.
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