The Australian dollar extended its sizzling rally to fresh 14-month highs on Wednesday as a broad sell-off in the US currency gathered momentum, while investors added to their long positions in higher-yielding currencies. The Aussie also found support from robust consumer sentiment data, which kept alive the chance of further interest rate hikes this year, better-than-expected earnings from chip giant Intel and a rally in gold and oil prices.
By late local trade, the Aussie was at $0.9132, having touched a high of $0.9145, compared with $0.9050 late in New York on Tuesday. For the day, it was up nearly 0.5 percent and has gained nearly 3.5 percent so far this month.
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