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SYDNEY - The Australian dollar was stronger at the close yesterday after inching up in slow trade on continued interest rate rise support.
At 5pm, the currency was at US76.98c, up from Monday's US76.90c.
National Australia Bank currency strategist John Kyriakopoulos said it was largely an uneventful day for the Australian dollar, which has met with some resistance at the US77c level.
"There's a lot of good news already priced into the exchange rate," he said.
Kyriakopoulos said the market had already priced in a November interest rate hike and was now looking for clues whether the central bank would tighten beyond that.
- AAP