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COPYRIGHT 2008 Asia Pulse Pty Ltd
SYDNEY, Jan 31 Asia Pulse - The Australian dollar opened higher today, gaining one US cent in quick order after the US Federal Reserve cut a key US interest rate by half a percentage point.
At 0700 AEDT, the Australian dollar was trading at .8995/99, up from yesterday's close of 0.8977/83.
Overnight, the domestic currency traded between a low of .8861 and a high of 0.8997.
The Fed cut the federal funds rate by...
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