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The Australian dollar soared following a boost from improving investor confidence on upbeat US economic growth data.
On Friday, the Aussie traded at 88.24 US cents, up from Thursday’s 87.65 US cents.
The US gross domestic product escalated at an annual rate of 3.5% in the 3rd quarter.
"Positive investor sentiment aided a rebound for the high-yielding currencies including the Aussie and kiwi in overnight trade,” said David de Ferranti, Market Analyst at FXCM.
Meanwhile, the report on building approvals, retail spending, trade and jobs data will be released next week. The Reserve Bank of Australia’s monthly board is slated to meet also next week.
