The Australian dollar gained ground against its major opponents in early New York trading on Wednesday. The aussie that reached a 6-day low of 0.7036 against the greenback and 70.05 versus the yen in the early European session, reversed direction thereafter and hit as high as 0.7131 and 71.52, respectively just before the opening bell on the Wall Street. The aussie also traded in a similar fashion against the euro during this time, edging higher to 1.86 by 8:25 am ET.

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