Australian Dollar Rises Against Majors
May 17 2017 - 9:06PM
RTTF2
The Australian dollar strengthened against the other major
currencies in the Asian session on Thursday.
The Australian dollar rose to near 2-week highs of 0.7467
against the U.S. dollar and 1.0163 against the Canadian dollar,
from yesterday's closing quotes of 0.7431 and 1.0108,
respectively.
Against the euro, the yen and the NZ dollar, the aussie advanced
to 1.4922, 83.00 and 1.0773 from an early 8-month low of 1.5075,
nearly a 4-week low of 82.11 and a 1-week low of 1.0692,
respectively.
If the aussie extends its uptrend, it is likely to find
resistance around 0.76 against the greenback, 1.02 against the
loonie, 1.46 against the euro, 85.00 against the yen and 1.09
against the kiwi.
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