Australian Dollar Rises Against Majors
May 19 2024 - 11:07PM
RTTF2
The Australian dollar strengthened against other major
currencies in the Asian session on Monday.
The aussie rose to a 3-week high of 104.56 against the yen and
nearly a 2-week high of 1.6214 against the euro, from last week's
closing quotes of 104.20 and 1.6239, respectively.
Against the U.S., the Canada and the New Zealand dollars, the
aussie advanced to 4-day highs of 0.6710, 0.9126 and 1.0944 from
Friday's closing quotes of 0.6693, 0.9112 and 1.0912,
respectively.
If the aussie extends its uptrend, it is likely to find
resistance around 106.00 against the yen, 1.61 against the euro,
0.68 against the greenback, 0.92 against the loonie and 1.10
against the kiwi.
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