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Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Friday.

The Australian dollar rose to nearly a 2-1/2-year high of 0.8116 against the U.S. dollar and a 1-week high of 87.72 against the yen, from yesterday's closing quotes of 0.8047 and 87.25, respectively.

Against the euro and the Canadian dollar, the aussie edged up to 1.4879 and 0.9797 from yesterday's closing quotes of 1.4938 and 0.9747, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 0.82 against the greenback, 89.00 against the yen, 1.47 against the euro and 1.00 against the loonie.

by RTTNews Staff Writer

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