CANBERA (dpa-AFX) - The Australian dollar strengthened against other major currencies in early Tuesday Asian deals after a report showed that NAB business confidence improved in December.
Data from National Bank of Australia showed that business confidence index rose to +3 from -9 in November.
Business conditions came in at -4 points, compared to -6 last month.
Against the buck, the aussie approached 1.0448, its highest level since January 25. If the aussie extends gain, it may break 1.05 level.
The aussie climbed to a 4-day high of 1.2880 against the euro also, compared to Monday's close of 1.2921.
The aussie rebounded from early lows of 1.0472 against the loonie and 94.21 against the yen and is now trading at 1.0510 and 94.78, respectively.
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