Australian dollar rises above parity

The Australian dollar has moved above parity on speculation the US central bank could bring in quantitative easing to boost growth.

At 0959 AEST, the local unit was trading at 100.14 US cents, up from 99.48 cents on Thursday.

HiFX senior trader Stuart Ive said the Australian dollar had been pushed up by moves in the US following the release of weak data.

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