RN:Australian Dollar Strengthens Against Most Majors
(RTTNews) - The Australian dollar erased some of its previous session's losses against the currencies of the U.S., Japan and New Zealand in early European trading on Monday.
The aussie is presently quoted at 85.72 against the yen and 1.0587 versus the greenback, up from previous lows of 85.05 and 1.0529, respectively hit in the Asian session.
If the Australian currency strengthens further, it may find target levels at 1.06 against the buck and 86.0 versus the yen in near-term.
The aussie also advanced to as high as 1.3489 against the NZ dollar around 3:15 am ET, up from Asian session's low of 1.3421. The aussie-kiwi pair is presently worth 1.3484 with 1.35 seen as the next probable resistance level.
