15 Sep 2010

Rise in Australian dollar

12:35 pm on 15 September 2010

The Australian dollar has risen to its highest level since before the global financial crisis really unfolded with the collapse of Lehman Brothers.

The currency hit 94.57 US cents on Tuesday night - its highest level since July 2008.

The rise of the dollar came as the US dollar fell, on talk the Federal Reserve will buy as much as US$1 trillion worth of government bonds in a bid to bolster the economy.