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Forex News: Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

09/14/2017 - 01:34:00 (RTTNews)

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

The Australian dollar rose to a 1-1/2-month high of 88.74 against the yen, nearly a 4-week high of 1.4813 against the euro and a 2-day high of 1.1054 against the NZ dollar, from yesterday's closing quotes of 88.23, 1.4882 and 1.1023, respectively.

Against the U.S. dollar, the aussie edged up to 0.8016 from yesterday's closing value of 0.7985.

Against the Canadian dollar, the aussie climbed to 0.9755 from an early 2-day low of 0.9706.

If the aussie extends its uptrend, it is likely to find resistance around 89.00 against the yen, 1.46 against the euro, 1.11 against the kiwi, 0.81 against the greenback and 0.99 against the loonie.

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