Australian Dollar Sees Little Movement Versus Majors [AUD/USD]

August 21, 2007 – 11:35 pm

The aussie saw little changed in trading against the majors on Tuesday in New York. The Australian dollar was up on its U.S. counterpart , but gave back most of its gains from earlier in the morning. The aussie was basically flat with the euro and sterling.

The Australian dollar was up against the greenback on Tuesday in New York, but surrendered most of its early gains. The aussie edged higher in the early morning and touched as high as 0.7956 at 5:30 a.m. ET. It slipped over the next two hours, but then rebounded in the later morning. Trading was level through the afternoon and the currencies moved at 0.8010 at 5:40 p.m. ET.

The aussie was little moved against the euro on Tuesday in New York. The Australian dollar saw weakness in the early morning, hitting a daily low of 1.6912 at 5:30 a.m. ET. It edged back higher in the late morning and into the early afternoon. The currencies moved at 1.6798 at 5:45 p.m. ET.

The Australian dollar was little changed versus the sterling on Tuesday in New York. The aussie dipped as low as 2.4612 at 2:45 a.m. ET and dropped to a support level at around 2.4804 in the later morning. The pair traded at 2.4735 at 5:50 p.m. ET.

© RTTNews.com

Source: Forex-Markets.com

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