Australian Dollar Recovers Against Majors
May 25 2016 - 8:53PM
RTTF2
The Australian dollar recovered from early lows against the
other major currencies in the Asian session on Thursday.
The Australian dollar rose to an 8-day high of 1.0735 against
the NZ dollar, from an early low of 1.0656.
Against the U.S. dollar, the yen and the euro, the aussie edged
up to 0.7215, 79.12 and 1.5491 from early 2-day lows of 0.7163,
78.44 and 1.5594, respectively.
The aussie advanced to 0.9361 against the Canadian dollar, from
an early more than 6-month low of 0.9325.
If the aussie extends its uptrend, it is likely to find
resistance around 1.10 against the kiwi, 0.74 against the
greenback, 82.00 against the yen, 1.50 against the euro and 0.98
against the loonie.
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