The Aussie's climb on Thursday was linked with the release of strong economic data. The trade surplus advanced the most since the end of 2011 and retail sales data climbed 1.2 percent in January, surging past projections of economists and analysts.
"Low interest rates are beginning to have an impact; we can see that in the building approvals data which are pushing record highs now and retail activity has also picked up," chief currency and rates strategist Richard Grace with Commonwealth Bank of Australia of Sydney told the news source on Thursday. "The improving global economy is, of course, always supportive of the Australian dollar so you can include that in the basket of reasons for why the Aussie has got some tactical upside momentum."
The currency of the South Pacific nation rose roughly 0.3 percent against the greenback after marking its top level since February 25.
Some analysts and economists told The Sydney Morning Herald that Friday's U.S. labor market data will benefit the Aussie into next week.
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