(Bloomberg) -- The Australian dollar may snap two
days of losses on speculation it will resume this year's
appreciation after it failed to drop below a level on technical
charts traders watch to predict price movements.
The currency was at 81.85 U.S. cents at 9:13 a.m. in Sydney
compared with 81.80 cents late in New York May 25. It held above
a May 4 low of 81.71, the weakest since April 10, as it declined
0.6 percent last week. It's risen 3.8 percent this year.
Read more at Bloomberg Currencies News
days of losses on speculation it will resume this year's
appreciation after it failed to drop below a level on technical
charts traders watch to predict price movements.
The currency was at 81.85 U.S. cents at 9:13 a.m. in Sydney
compared with 81.80 cents late in New York May 25. It held above
a May 4 low of 81.71, the weakest since April 10, as it declined
0.6 percent last week. It's risen 3.8 percent this year.
Read more at Bloomberg Currencies News
No comments:
Post a Comment