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The Australian dollar is climbing

The Australian dollar is climbing. The currency is up by 0.6% at.7678 per dollar as of 7:39 a.m. ET. “AUD is being supported by a rise in Australia’s terms of trade, and the prospect Australia’s trade deficit will soon turn to a trade surplus, narrowing Australia’s current account deficit,” Richard Grace, chief currency strategist at the Commonwealth Bank, told Business Insider Australia.
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