Australian Dollar Rises Against Majors

CANBERA (dpa-AFX) - The Australian dollar strengthened against other major currencies in the Asian session on Friday.The Australian dollar rose to near 2-week highs of 0.6950 against the U.S. dollar and 0.9848 against the Canadian dollar, from yesterday's closing quotes of 0.6916 and 0.9814, respec…

CANBERA (dpa-AFX) - The Australian dollar strengthened against other major currencies in the Asian session on Friday.

The Australian dollar rose to near 2-week highs of 0.6950 against the U.S. dollar and 0.9848 against the Canadian dollar, from yesterday's closing quotes of 0.6916 and 0.9814, respectively.

Against the yen and the euro, the aussie edged up to 111.80 and 1.6488 from Thursday's closing quotes of 111.66 and 1.6517, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 0.71 against the greenback, 0.99 against the loonie, 115.00 against the yen and 1.63 against the euro.