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Australian Dollar Rises Against Majors
(RTTNews) - The Australian dollar strengthened against other major currencies in the Asian session on Friday.
The Australian dollar rose to 3-week highs of 92.22 against the yen and 1.7651 against the euro, from yesterday's closing quotes of 91.43 and 1.7769, respectively.
Against the U.S., the Canada and the New Zealand dollars, the aussie advanced to 2-day highs of 0.6420, 0.8900 and 1.0726 from Thursday's closing quotes of 0.6400, 0.8868 and 1.0689, respectively.
If the aussie extends its uptrend, it is likely to find resistance around 96.00 against the yen, 1.70 against the euro, 0.66 against the greenback, 0.91 against the loonie and 1.10 against the kiwi.
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Euro Climbs Against Majors
The euro firmed against its major counterparts in the New York session on Friday, as risk sentiment improved after U.S. President Donald Trump delayed decision on joining the Israel-Iran conflict.
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Canadian Dollar Slides As Crude Oil Prices Drop
The Canadian dollar weakened against other major currencies in the European session on Friday, as the crude oil prices dropped due to lingering worries that an escalating Israel-Iran conflict may touch upon oil infrastructure.
Iran has in the past threatened to close the Strait of Hormuz to traffic in retaliation for Western pressure and such a move could restrict trade and affect global oil prices, analysts say.
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Canadian Dollar Slides Against Majors
The Canadian dollar weakened against other major currencies in the European session on Friday.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Friday.
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The commodity currencies such as the Australia, New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, amid escalating trend in the ongoing conflict between Israel and Iran as they continued to attack each other for the seventh consecutive day, with speculation of the U.S. joining Israel in striking Iranian nuclear sites.
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NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Thursday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Thursday.
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