SYDNEY: The Australian dollar recovered from its early lows against the other major currencies in the Asian session on Tuesday.
The Australian dollar recovered to a 1-week high of 1.4531 against the euro, from an early low of 1.4634. At yesterday’s close, the aussie was trading at 1.4604 against the euro.
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Against the U.S. dollar and the yen, the aussie rose to a 1-week high of 0.7808 and a 5-day high of 92.41 from an early low of 4-day low of 0.7741 and a 5-day low of 91.58, respectively. The aussie closed yesterday’s deals at 0.7771 against the greenback and 92.08 against the yen.
The aussie advanced to a 4-day high of 0.9717 against the Canadian dollar, from an early 4-day low of 0.9653. The pair closed yesterday’s trading at 0.9685.
The aussie edged up to 1.0373 against the NZ dollar, from an early record low of 1.0325. The pair was quoted at 1.0358 at yesterday’s close.
If the aussie extends its uptrend, it is likely to find resistance around 1.42 against the euro, 0.80 against the greenback, 95.00 against the yen, 0.98 against the loonie and 1.04 against the kiwi.
