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The Australian dollar rose Friday by buying 73.17 US cents, up from 72.99 US cents on Thursday.
Yesterday, the Australian dollar was at 72.99 after climbing 1.1% overnight, its best daily performance in a month.
The Australian dollar has seen significant gains as investors look to quickly end rising US rates, a dramatic move that would likely be optimistic for risky badets, emerging markets and commodities.
Australian business investment data also contained an optimistic message, with spending plans revised upward, bode well for continued economic growth.
The bulls were now looking at the November summit at 73.38, a breakaway that would take him to territory for the last time in August.
The rebound came after Federal Reserve Chairman Jerome Powell said interest rates were "just below" neutrality – the level that neither stimulates nor slows growth.
"Combined with the emphasis on the traditional long and variable shifts in monetary policy in terms of the impact of past increases, the message suggested a slowdown in the pace of normalization," said David Hensley, JPMorgan Economist. .
"It's no surprise that the accommodative message has been well received in the financial markets with a recovery of US stocks and bonds."
The futures market is still forecasting a rise for next month, but now involves more than just one in 2019 and a prolonged break from that time.
Such a result would threaten the US dollar's yield advantage over its peers, which had been its most valuable badet in the past two years.
The Australian was also supported by data showing that companies were now planning to invest $ 114 billion by June 2019, a significant improvement over a few months ago.
"Backed by record profitability, Australian companies are set to significantly increase spending over the next nine months," said Craig James, chief economist at CommSec.
"This was the largest equivalent upgrade in spending plans for 19 years."
In the debt markets, bonds kept their gains overnight, with 10-year Australian yields the lowest of the month at 2.62%.
The future of three-year bonds rose 50% to 97,900, as did the 10-year contract of 97,300.
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