Australian dollar trades near 8-week high against euro

The Australian dollar extended its recent strong rally against the European common currency in early New York trading on Monday. The Aussie advanced to 1.9071 against the euro by 9:25 am ET, the highest level since November 12, 2008. A resistance level of 1.89 is seen for the Aussie in near-term, if it jumps further. The euro-aussie pair, which closed Friday's deals at 1.9552, is currently worth 1.9083.

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