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2014.09.0501:08:49UTC+00Australian dollar continues surge on upbeat figures

The Australian dollar continued its rally in the light of upbeat retail sales and international trade data.

On Friday, the Aussie traded at 93.48 US cents, up from Thursday’s 93.32 US cents.

The currency was uplifted after retail sales report climbed for the second straight month in July, rose to 5.9%. However, Australia’s trade deficit declined for the second straight month.

“The Australian dollar extended its gains on the back of stronger trade numbers,” said Kathy Lien, Managing Director of BK Asset Management.

Meanwhile, investors await the US nonfarm payrolls report due Friday. 

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