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This is an archive article published on October 7, 2010

Aussie dollar at 27-yr high dollar

The Australian dollar rose to its highest in 27 years against the US dollar on Thursday.

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The Australian dollar rose to its highest in 27 years against the US dollar on Thursday,after an impressive jump in domestic employment revived speculation that rate hikes may be in the offing.

The Australian dollar rose as far as $0.9875,up 1 per cent on the day,after taking out resistance at $0.9851,and hit its highest since it was floated in 1983.

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