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Forex News: Australian Dollar Recovers Against Majors

Australian Dollar Recovers Against Majors

07/18/2024 - 01:58:00 (RTTNews)

(RTTNews) - The Australian dollar recovered from recent losses against other major currencies in the Asian session on Thursday.

The Australian dollar rose to 105.48 against the yen and 1.6220 against the euro, from a recent 1-month low of 104.62 and more than a 1-month low of 1.6284, respectively.

Against the U.S. and the Canadian dollars, the aussie advanced to 0.6742 and 0.9221 from a recent 2-day low of 0.6715 and a 1-week low of 0.9189, respectively.

The aussie edged up to 1.1100 against the NZ dollar, from a recent low of 1.1063.

If the aussie extends its uptrend, it is likely to find resistance around 110.00 against the yen, 1.60 against the euro, 0.68 against the greenback, 0.94 against the loonie and 1.12 against the kiwi.

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