Aussie at 2-week high vs dollar, at 4-yr peak against yen

Wednesday, 02 January 2013 14:58

Posted by Asad Naeem

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LONDON: The growth-linked Australian dollar rose to a two-week high against the US dollar on Wednesday, with sentiment towards riskier assets bolstered by a deal to avoid the US "fiscal cliff".

The Aussie was up nearly 1 percent on the day to hit a two-week high of $1.0499 with reported option barriers at $1.0500 looking vulnerable.

The Aussie also hit its highest in more than four years against the Japanese yen, having risen to 91.54 yen.