The Australian dollar staged a sharp rise against the European currency and the Japanese yen at 3:05 am ET Thursday. The aussie climbed to 1.9347 against the euro and 68.79 versus the yen, compared to Wednesday's closing value of 1.9471 and 68.10 respectively. The next upside target level for the aussie is seen around 1.92 against the single currency and 72.0 versus the Japanese unit.

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