Australian dollar rises on improved risk appetite
Economies.com
2020-09-30 16:59PM UTC
The Australian dollar rose on Wednesday, buoyed by improved investors' risk appetite in September's last session.
Investors absorbed the results of the first US election debate between the Republican candidate Donald Trump and his Democratic rival Joe Biden.
Australia's Building Approval Index fell 1.6% during past month, missing forecasts of a rise by 0.1%.
The final reading of the US GDP decreased 31.4% in the second quarter, better than forecasts of -31.7%.
This came amid the continuous efforts to curb the spread of the coronavirus to support global economies to return to their growth path.
As of 17:57 GMT, AUD/USD rose 0.5% to 0.7171, after hitting a high of 0.7175 and a low of 0.71.
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