Australian Dollar Rises Against Majors
15 February 2017 - 10:55AM
RTTF2
The Australian dollar strengthened against the other major
currencies in the Asian session on Wednesday.
The Australian dollar rose to nearly a 2-year high of 1.3772
against the euro and a 1-year high of 87.79 against the yen, from
yesterday's closing quotes of 1.3804 and 87.56, respectively.
Against the Canadian and the New Zealand dollars, the aussie
advanced to a 2-day high of 1.0042 and nearly a 4-month high of
1.0707 from yesterday's closing quotes of 1.0015 and 1.0688,
respectively.
The aussie edged up to 0.7679 against the U.S. dollar, from
yesterday's closing value of 0.7657.
If the aussie extends its uptrend, it is likely to find
resistance around 1.36 against the euro, 88.00 against the yen,
1.02 against the loonie, 1.08 against the kiwi and 0.79 against the
greenback.
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