Australian Dollar Rises Against Majors
May 07 2023 - 11:51PM
RTTF2
The Australian dollar strengthened against other major
currencies in the early European session on Monday.
The Australian dollar rose to nearly a 4-week high of 0.6789
against the U.S. dollar and nearly a 3-week high of 1.6265 against
the euro, from early lows of 0.6739 and 1.6352, respectively.
Against the NZ dollar and the yen, the aussie advanced to 6-day
highs of 1.0738 and 91.64 from early lows of 1.0701 and 90.92,
respectively.
Moving away from an early 6-day low of 0.9020 against the
Canadian dollar, the aussie edged up to 0.9068.
If the aussie extends its uptrend, it is likely to find
resistance around 0.70 against the greenback, 1.57 against the
euro, 1.09 against the kiwi, 94.00 against the yen and 0.91 against
the loonie.
NZD vs US Dollar (FX:NZDUSD)
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NZD vs US Dollar (FX:NZDUSD)
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