The Australian dollar got a lift Friday as the country’s central bank painted a luminous outlook for the economy, suggesting interest rates and the currency were set to rise a lot further over time.
At close, the Australian dollar was buying 91.34-37 cents. It was also worth 55 pence, 61.4 euro cents and 82.7 yen.
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Pointing to buoyant trade, investment and population growth, the Reserve Bank of Australia (RBA) sharply upgraded its forecasts for economic growth.
Aussie also hit a three-month high against the New Zealand dollar on Friday.It rose to as far as NZ$1.2662 after breaking a key level of NZ$1.2600.
