Australian dollar, nicknamed Aussie, rose sharply against the American dollar as the Australian economy showed a cheerful employment data, which confirmed the nation's recovery back to strong level that support the production cycle this period.
Meanwhile, Australian government indicated that the nation has the ability to face the global financial crisis with rock solid of low unemployment, a strong banking system and big investments.
Moreover, Australia's dollar advanced against its U.S. counterpart by the most in three weeks as global stocks rose amid increased demand for riskier assets.
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