THE Australian dollar is higher amid upbeat sentiment on global markets after the European Central Bank boosted its cash lifeline to Greece.
At 0630 AEST on Friday, the local currency was trading at 74.03 US cents, up from 73.81 cents on Thursday.
The ECB will tip an additional 900 million euros into the financial assistance that has kept Greek banks afloat, a move that comes after Athens passed a tough reform package demanded by creditors.
CURRENCY SNAPSHOT AT 0630 AEST ON FRIDAY
One Australian dollar buys:
* 74.03 US cents, from 73.81 cents on Thursday
* 91.88 Japanese yen, from 91.39 yen
* 68.05 euro cents, from 67.52 euro cents
(*Currency closes taken at 1700 AEST previous local session)