Australian Dollar Eases From Early Uptrend Against Major Rivals

The Australian dollar eased from early morning session upward trading against major currencies during New York mid-day trading on Friday.

After hitting a new multi-week high of 0.9178 against the US dollar at about 9:40 am ET, the Aussie reversed its direction and currently trading near 0.9156.

The Aussie that hit a fresh multi-month high of 0.9626 against the Canadian dollar by about 8:15 am ET, edged down thereafter. As of now, the Aussie-loonie pair is trading at 0.9537.

Against the euro, the Australian currency drifted down from a multi-month high of 1.4002 as of 9:15 am ET today. Currently, the Aussie is worth 1.4078 versus the euro.

The Australian dollar also traded lower against its Japanese counterpart, after edging up to a multi-week high of 78.09 in early morning session. At present, the Aussie-yen pair is trading near 77.40.

Copyright(c) 2010 News.com, Inc. All Rights Reserved

Published: 2010-09-03 17:07:00 UTC+00 1 year, 5 months, 1 day, 8 hours, 42 min. ago

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