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Forex News: Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

07/08/2026 - 02:49:00 (RTTNews)

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

The Australian dollar rose to nearly a 2-week high of 1.6434 against the euro, from yesterday's closing value of 1.6471.

Against the U.S. dollar, the aussie advanced to 0.6947 from an early 5-day low of 0.6920.

Against the yen and the Canadian dollar, the aussie edged up to 112.76 and 0.9859 from Tuesday's closing quotes of 112.39 and 0.9833, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 1.62 against the euro, 0.71 against the greenback, 114.00 against the yen and 0.99 against the loonie.

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