The Australian dollar staged a sharp gain against most major currencies at about 2:50 pm ET Wednesday. At preset, the Aussie is trading near new multi-day high of 0.6978 against the US dollar, new multi-week high of 1.8964 versus the euro. The Aussie also showed strength against the loonie and the yen in the same period today. As of now, the Aussie is worth 0.8802 against the loonie and 68.82 versus the yen.

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