Australian Dollar Rises Against Majors
December 08 2016 - 9:05PM
RTTF2
The Australian dollar strengthened against the other major
currencies in the pre-European session on Friday.
The Australian dollar rose to 4-day highs of 1.4205 against the
euro and 85.50 against the yen, from early lows of 1.4218 and
84.93, respectively.
Against the U.S., the New Zealand and the Canadian dollars, the
aussie advanced to 0.7473, 1.0414 and 0.9863 from early lows of
0.7442, 1.0382 and 0.9828, respectively.
If the aussie extends its uptrend, it is likely to find
resistance around 1.40 against the euro, 87.00 against the yen,
0.75 against the greenback, 1.06 against the kiwi and 1.01 against
the loonie.
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