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Forex News: Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

10/04/2017 - 00:54:00 (RTTNews)

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

The Australian dollar rose to 1-week highs of 0.7875 against the U.S. dollar and 88.67 against the yen, from yesterday's closing quotes of 0.7834 and 88.41, respectively.

Against the euro and the Canadian dollar, the aussie advanced to a 6-day high of 1.4957 and a 4-day high of 0.9813 from yesterday's closing quotes of 1.4987 and 0.9782, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 0.80 against the greenback, 90.00 against the yen, 1.48 against the euro and 0.99 against the loonie.

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