The Australian dollar extended late last week's gains against most of its major counterparts in early Asian trading on Monday on firm risk-sentiment as the market continued to mull the deputed U.S. Fed Chairwoman Janet Yellen's dovish comments on Fed Stimulus.
The Australian dollar advanced to an 11-day high of 94.09 against the yen at the start of the week. The Aussie also climbed to 4-day highs of 0.9380 against the US dollar and 1.4373 against the euro. On the upside, the Australian currency may find target levels at 94.20 against the yen, 0.9440 against the greenback and 1.4340 against the euro.
by RTT Staff Writer
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