09:40 AEST Mon Oct 8 2007
The Australian dollar settled around 90 U.S. cents on Monday, after scaling a fresh 23-year peak as investors piled back into riskier assets like higher-yielding currencies and stocks.
A rise in metal prices, boosted by strong U.S. jobs data that eased worries about growth in the world's largest economy, also supported to the Aussie. Gains in commodity prices boosts Australia's terms of trade as the country is a big exporter of natural resources.
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