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Australian dollar reaches one-month high

Xinhua, April 20, 2015 Adjust font size:

The Australian dollar rose to a one- month high on Monday following news that China's central bank plans to boost lending measures.

On Monday morning, the local currency was trading at 78.28 U.S. cents, up from 77.89 U.S. cents on Friday.

The Australian dollar reached 78.42 U.S. cents, its highest level since March 26. Endi