News Column

Australian Dollar Rises Against Majors

May 26, 2014

CANBERA (Alliance News) - The Australian dollar strengthened against the other currencies ahead of European deals on Tuesday.

The Australian dollar advanced to an 8-day high of 1.0832 against the NZ dollar, up from yesterday's closing quote of 1.0804.

The Australian dollar rose to 1-week highs of 1.4715 against the euro, 0.9277 against the US dollar and 94.55 against the yen, up from yesterday's closing quotes of 1.4773, 0.9237 and 94.15, respectively.

Against the Canadian dollar, the aussie climbed to a 2-day high of 1.0059, from yesterday's closing quote of 1.0029.

If the aussie extends its rise, it is likely to find resistance around 1.46 against the euro, 0.93 against the greenback, 95.31 against the yen, 1.09 against the kiwi and 1.01 against the loonie.

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Source: Alliance News

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