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17.12.200800:04:00UTC+00Australian dollar climbs to 1 1/2-month high against US currency

During early deals on Wednesday, the Australian dollar traded higher against the US dollar. At 11:50 pm ET, the Aussie-dollar pair reached a 1 1/2-month high of 0.7028 compared to 0.6945 hit late New York Tuesday. If the pair gains further, 0.705 is seen as the next target level.

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