News Column

Australian Dollar Off Early Lows Against Most Majors

July 17, 2014



CANBERA (Alliance News) - The Australian dollar recouped from early lows against most major currencies ahead of European deals on Friday.

The aussie recovered to 0.9373 against the greenback and 1.4427 against euro, from early 2-day lows of 0.9335 and 1.4483, respectively. The aussie rose to 94.99 against the yen, off early 1-1/2-month low of 94.38.

The aussie came off from an early low of 1.0044 against the loonie and rose to 1.0072.

If the aussie rises further, it may face resistance around 0.945 against the greenback, 1.43 against the euro, 95.7 against the yen and 1.015 against the loonie.



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Source: Alliance News


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