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Aussie dollar soars against slumping greenback

The Australian dollar rose 1.4%, nearing 70 US cents due to a weaker US dollar and expectations of Reserve Bank of Australia rate hikes after strong employment data.

Summary by PerthNow
The Australian dollar is buying more than 69 US cents for the first since October 2024 - great news for Australians heading to America on holiday.

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  • 57% of the sources lean Right
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PerthNow broke the news in City of Perth, Australia on Tuesday, January 27, 2026.
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