Australian Dollar Rises Against Majors
28 August 2024 - 12:25PM
RTTF2
The Australian dollar strengthened against other major
currencies in the Asian session on Wednesday.
The Australian dollar rose to more than a 1-month high of 1.6408
against the euro, from yesterday's closing value of 1.6464.
Against the U.S. and the Canadian dollars, the aussie advanced
to nearly an 8-month high of 0.6813 and a 2-day high of 0.9159 from
Tuesday's closing quotes of 0.6792 and 0.9128, respectively.
Against the yen and the NZ dollar, the aussie edged up to 98.25
and 1.0911 from yesterday's closing quotes of 97.77 and 1.0860,
respectively.
If the aussie extends its uptrend, it is likely to find
resistance around 1.59 against the euro, 0.69 against the
greenback, 0.93 against the loonie, 104.00 against the yen and 1.11
against the kiwi.
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