$A trades higher against US counterpart – Australia News

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The Australian dollar has bounced back against its US counterpart as geopolitical tensions and uneven US data continue to plague the currency.

At 0630 AEST on Friday, the Australian dollar was worth 79.49 US cents, up from 79.01 US cents on Thursday when the local currency fell after the US dollar rallied on data that showed its economy grew at an annual pace of three per cent in the June quarter, up from the 2.6 per cent preliminary estimate.

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