Australian Dollar Rises Against Majors
06 March 2024 - 12:56PM
RTTF2
The Australian dollar strengthened against other major
currencies in the Asian session on Wednesday.
The Australian dollar rose to 2-day highs of 1.6650 against the
euro, 0.8856 against the Canadian dollar and 1.0701 against the NZ
dollar, from yesterday's closing quotes of 1.6687, 0.8837 and
1.0680, respectively.
Against the U.S. dollar, the aussie edged up to 0.6521 from
yesterday's closing value of 0.6503.
Moving away from an early 5-day low of 97.39 against the yen,
the aussie rebounded to 97.72.
If the aussie extends its uptrend, it is likely to find
resistance around 1.64 against the euro, 0.89 against the loonie,
1.08 against the kiwi, 0.66 against the greenback and 99.00 against
the yen.
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