Australian Dollar Strengthens Against Majors
August 29 2016 - 6:32AM
RTTF2
Reversing direction, the Australian dollar climbed against its
major opponents in New York trading on Monday.
The aussie extended rally to near a 2-week high of 77.40 against
the yen, off its early low of 76.70.
The aussie bounced off to 1.0458 against the kiwi, 1.4757
against the euro, 0.9862 against the loonie and 0.7570 against the
greenback, from its previous low of 1.0421, 5-day low of 1.4872,
weekly low of 0.9798 and near a 4-week low of 0.7525,
respectively.
The aussie is likely to find resistance around 79.00 against the
yen, 1.06 against the kiwi, 1.46 against the euro, 1.00 against the
loonie and 0.77 against the greenback.
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