Australian dollar hits 29-year high

LONDON, April 8 (Reuters) – The Australian dollar rose to
its highest in 29 years against the U.S. dollar on Friday,
buoyed by investor appetite for higher-yielding assets at the
broad expense of the greenback.

The Aussie (AUD=D4: Quote, Profile, Research) rose to 1.0539 to trade with gains of
around 0.6 percent on the day. The U.S. dollar was broadly
weaker, trading at its lowest levels since December 2009 versus
a currency basket (.DXY: Quote, Profile, Research).

Australian dollar hits 29-year high