Australian And NZ Dollars Rise Against U.S. Dollar

22:12, 20th May 2012

(RTTNews) - In early Asian deals on Monday, the Australian and NZ dollars strengthened against the U.S. currency.

The aussie rose to 0.9879 against the greenback, up from an early low of 0.9806. The next upside target level for the aussie is seen at 0.995. At last week's close, the pair was worth 0.9830.

After hitting a low of 0.7544 against the greenback, the kiwi gained thereafter. The pair is now trading at 0.7602, compared to Friday's close of 0.7555. On the upside, the kiwi may target 0.765 level.