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Aussie dollar falls against rising U.S. counterpart

Xinhua, December 16, 2016 Adjust font size:

The Australian dollar has fallen against the greenback, which continued its rise following the U.S. central bank's interest rate hike.

At the Asian open on Friday, the Aussie dollar was trading at 73.53 U.S. cents, down from 74.14 U.S. cents on Thursday.

"Major currencies weaker against the U.S. dollar after the Fed interest rate decision. The Euro fell from highs near US$1.0510 to lows near US$1.0365 and was around US$1.0420 in late U.S. trade," Commonwealth Bank of Australia senior economist Michael Workman said in a note.

"The Aussie dollar fell from highs near US74.25 cents to lows around US73.35 cents and was holding near US73.65 cents in late U.S. trade. And the Japanese yen traded between 118.60 yen per U.S. dollar and JPY117.65 and was near JPY117.90 in late U.S. trade."

At 0923 local time, the Australian dollar was trading at 73.58 U.S. cents. Endit