Australian Dollar Rises Against Majors
October 25 2016 - 7:28PM
RTTF2
The Australian dollar strengthened against the other major
currencies in the Asian session on Wednesday.
The Australian dollar rose to nearly a 1-1/2-year high of 1.4127
against the euro and more than a 3-month high of 80.31 against the
yen, from yesterday's closing quotes of 1.4236 and 79.67,
respectively.
Against the Canadian and the U.S. dollars, the aussie advanced
to a 2-1/2-year high of 1.0286 and a 6-day high of 0.7709 from
yesterday's closing quotes of 1.0206 and 0.7645, respectively.
The aussie climbed to nearly a 2-week high of 1.0756 against the
NZ dollar, from an early 2-day low of 1.0637.
If the aussie extends its uptrend, it is likely to find
resistance around 1.40 against the euro, 82.00 against the yen,
1.03 against the loonie, 0.78 against the greenback and 1.08
against the kiwi.
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