FX: Aussie rises against greenback, hitting 2-day high
Forex Pros – The Australian dollar rose against its U.S. counterpart on Thursday, on speculation that Australia's central bank will raise interest rates next week and ahead of key U.S. jobs data.
AUD/USD hit 0.9285 during European midday trade, its highest since Tuesday. The pair later consolidated around 0.9283, gaining 0.33%.
AUD/USD was likely to find resistance at 0.9382, the high of April 12, and support at 0.9135, Tuesday's low.
The pair's rebound also came after a day after the International Monetary Fund pledged to increase the EUR 45 billion aid package for Greece to as much as EUR 120 billion over three years, dampening traders' risk aversion.
The Aussie also rose versus the yen, meanwhile, with AUD/JPY advancing 0.36% to reach 87.29.
Earlier in the day, an index of seven key economic indicators for Australia declined for the second straight month. Later Thursday, the U.S. Labor Department was set to publish a weekly report on initial jobless claims, an important gauge of overall economic health.
