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Forex News: Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

04/22/2024 - 04:01:00 (RTTNews)

(RTTNews) - The Australian dollar strengthened against other major currencies in the Asian session on Monday.

The Australian dollar rose to a 1-week high of 99.83 against the yen and a 6-day high of 1.6530 against the euro, from Friday's closing quotes of 99.23 and 1.6598, respectively.

Against the U.S. and the Canadian dollars, the aussie advanced to 4-day highs of 0.6455 and 0.8855 from last week's closing quotes of 0.6417 and 0.8825, respectively.

The aussie edged up to 1.0907 against the NZ dollar, from Friday's closing value of 1.0887.

If the aussie extends its uptrend, it is likely to find resistance around 101.00 against the yen, 1.63 against the euro, 0.66 against the greenback, 0.89 against the loonie and 1.10 against the kiwi.

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