Australian dollar rallies as Fed hike bets fade
The Australian dollar rose to its highest levels since mid-May after bets on a U.S. Federal Reserve interest rate increase eased. In Asia trade, it changed hands around 72.10 U.S. cents.
By James GlynnSYDNEY--The Australian dollar rallied to its highest levels since mid-May on Friday, as bets on a coming interest rate increase by the U.S.
Federal Reserve eased somewhat.In Asia's afternoon trading hours Friday, the Australian dollar was changing hands around 72.10 U.S. cents, up fro…