$A boosted by strong business survey November 11, 2014 - 12:57PM The Australian dollar is slightly higher after figures showed business conditions skyrocketed in October. At 1200 AEDT on Tuesday, the local currency was trading at 86.42 US cents, down from 86.74 cents on Monday. Business conditions surged in October, rising from one point in September to 13 in October, according to the National Australia Bank monthly business survey. It was the largest monthly rise in conditions in the survey's 16-year history. The upbeat figures revitalised the currency following a morning of sideways trade, Westpac senior currency strategist Sean Callow said. "It was a staggering rise," Mr Callow said. It's so big you wonder if it's exaggerated, but it was enough to lift the Aussie from its lows and since then, it's tracked fairly nicely. Positive sentiment across equity markets was also lending support to the Australian dollar, he said. At 1200 AEDT on Tuesday, the December 2014 10-year bond futures contract was trading at 96.670 (implying a yield of 3.330 per cent), down from 96.700 (3.300 per cent) on Monday. The December 2014 three-year bond futures contract was at 97.420 (2.580 per cent), down from 97.440 (2.560 per cent).