Australian dollar reaches six-week high

The Australian dollar has reached a six-week high following statements made by the US Federal Reserve.

The dollar traded at $US1.03 early this morning, and was trading there at 12.00 AEST.

While Fed chairman Ben Bernanke ruled out the possibility of more quantitative easing, further comments made during a Q&A session left the option open, giving hope to investors.

This article first appeared at SmartCompany.

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