Australian dollar rises to 88.32 US cents

GMT 15:40 2014 Friday ,31 October

Arab Today, arab today Australian dollar rises to 88.32 US cents

Australian dollar
Sydney - XINHUA

 The Australian dollar on Friday followed a rise on Wall Street after recovering from a fall following the U.S. central bank meeting.
At 7 a.m. local time, the Aussie was trading at 88.32 U.S. cents, up from 87.65 U.S. cents Thursday.
The Australian dollar fell more than one U.S. cent Thursday after the Federal Open Market Committee declared confidence in the U.S. economy, which sets the scene for an increase in interest rates next year.

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