The Australian dollar struck a two-week high above 72 US cents - extending a one cent rally offshore - on speculation about a rise in Australian interest rates in coming months after a spate of strong economic data.
Such talk is likely to intensify should Thursday's March labour report come in above market expectations, with some economists pencilling in a tightening as early as May.
As expected, the Reserve Bank of Australia left the cash at 5.5 percent for a 13th consecutive month after Tuesday's monthly rate review. One AUD bought $0.7215/18, just under the day's high of $0.7239, and compared with $0.7126/30 late here on Tuesday, according to Reuters data.
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