Australian dollar back on the rise as Chinese economy lifts AFTER a 16 per cent fall between April 11 and August 2, the Australian dollar is, incredible as it may seem, on the rise. True, it is a modest one at best  up 2.5 per cent since August 2  but nevertheless a gain. At 8:14am (AEST) the Australian currency was at US91.31c, up from US89.05c on August 2, according to Bloomberg data. So is it trading now at fair value, as ANZ Banks foreign exchange strategist Andrew Salter thinks?