$A up on fiscal cliff comments

The Australian dollar is higher on improved commentary around the US fiscal cliff.

At 0630 AEDT on Thursday, the currency was trading at 104.76 US cents, up from 104.48 US cents on Wednesday afternoon.

US lawmakers overnight expressed confidence that the fiscal cliff - a series of tax rises and spending cuts due to begin in early 2013 - would be dealt with by political leaders.

This prompted a fall in the US currency, and a rise in the Aussie dollar.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9334+0.0007+0.08%
    AUDUSD=X
    0.5561+0.0007+0.13%
    AUDGBP=X
    0.6755+0.0003+0.04%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg