AUD/USD rises on PBOC news The Australian dollar traded higher against its U.S. rival during Monday’s Asian session, extending gains notched by the Aussie last week. In Asian trading Monday, AUD/USD rose 0.36% to 0.9214. The pair is likely to find support at 0.9088, the low from July 16 and resistance at 0.9291, the high from July 17. The pair rose 0.11% last Friday to close with a weekly gain of 1.37%. The Aussie was also supported after China’s central bank said on Friday that it was removing the lower limit on interest rates for banks, in an effort to help lenders attract more borrowers and spur economic activity. ... Read more : forex-tsd/financial-news-analytics/26338-forex-news-443.html#post622389
Posted on: Mon, 22 Jul 2013 06:25:13 +0000
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