Australian dollar going strong against weaker $US

On Wednesday morning, the dollar was trading at 78.73 US cents.

On Wednesday morning, the dollar was trading at 78.73 US cents. Source: News Limited

THE Australian dollar has rallied above 79 US cents, maintaining its strength against the weaker greenback.

At 0630 AEDT on Wednesday, the local currency was trading at 78.73 US cents, up from 78.67 cents on Tuesday.

The Australian dollar bounced as high as 79.38 US cents overnight, its highest level since January 28.

CURRENCY SNAPSHOT AT 0630 AEDT ON WEDNESDAY

One Australian dollar buys:

* 78.73 US cents, from 78.67 cents on Tuesday

* 94.22 Japanese yen, from 94.07 yen

* 72.07 euro cents, from 71.98 euro cents

(*Closes taken at 1700 AEDT previous local session) Source: IRESS

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