AUD/USD hits 2-week highs
FXStreet (Córdoba) – AUD/USD broke above previous highs and climbed to 0.7150 hitting the highest level since September 1. The pair remains near the highs holding a bullish tone. The Australian dollar is rising across the board and is the best performer among majors.
AUD/USD extends rally above 0.7100
During the Asian session AUD/USD broke above 0.7100 and rose to 0.7135, afterwards pulled back and the gained momentum again but the rally again was capped by 0.7135. After the beginning of the US session broke above and extended gains.
Currently it trades at 0.7145, up 0.75% for the day, adding to last week gains. The pair posted the first weekly gain on Friday after falling during the previous four, supported by economic data form Australia and an improvement in risk appetite.
RBA minutes before Fed
Greenback today is siring against European currencies but remains weak against the commodity link group. The aussie is outperforming at the beginning of a important week considering that on Thursday markets will learn about the Federal Reserve decision.
Before, on Tuesday, the Reserve Bank of Australia will release the minutes of its latest meeting, when it kept the cash rate unchanged at 2%.
AUD/USD broke above previous highs and climbed to 0.7150 hitting the highest level since September 1. The pair remains near the highs holding a bullish tone. The Australian dollar is rising across the board and is the best performer among majors.
(Market News Provided by FXstreet)