News Column

Australian Dollar Advances Against Most Majors

June 6, 2014

CANBERA (Alliance News) - Reversing early losses, the Australian dollar strengthened against most major currencies in early European deals on Friday.

The aussie bounced off from early lows of 1.4649 against the euro and 1.0183 against the loonie, rising to 1.4576 and 1.0210, respectively.

The aussie gained to a session's high of 95.69 against the yen from an early Asian session's low of 95.41.

The aussie climbed to more than a 2-week high of 0.9356 against the greenback, recovering from an early low of 0.9324.

If the aussie extends gain, it may find resistance around 0.94 against the greenback, 96.4 against the yen, 1.03 against the loonie and 1.445 against the euro.

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Source: Alliance News

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