Aussie Dollars Soars to Over 80 US Cents

The Aussie dollar after sinking to some incredible lows against the US dollar is now showing some strong signs of growth:

THE dollar has closed at an eight-month high after soaring
above $US0.8000 in the offshore session and building on those gains during the
Asian trading day.

At 5pm (AEST), the dollar was trading at $US0.8086, up
1.6 US cents – or 2 per cent – from Friday’s close of $US0.7927.

It was
the local currency’s strongest close since September 29 last year, when it
finished at $US0.8218.

During the day, the unit moved between a low of
$US0.7993 and high of $US0.8087 reached just before the local
close.

The dollar broke through $US0.8000 in New York trade as investors
abandoned the US dollar after encouraging economic data from Europe and Asia
raised hopes of a global recovery.  [AAP]