Aussie-Dollar currency pair posts 0.61% gain

Published: March 19 2023, 10:21 GMT+0

Aussie-Dollar currency pair posts 0.61% gain

A quick look at Friday: AUD/USD rose 42 pips to close at 0.67 Friday which makes for a move of 0.61%.

While the Australian dollar is up today, these currencies are lagging behind: after ending Friday's session at 133.59, USD/JPY lost 178 pips and is trading around 131.8. After ending Friday's session at 1.3456, USD/SGD lost 59 pips and is trading around 1.3397. After ending Friday's session at 1.7137, EUR/NZD lost 127 pips and is trading around 1.7009.

Furthermore, the market is looking at Australia RBA Assist Gov Kent speech is expected today at 22:10 UTC.

The currency pair has been trending lower for about 28 days. Having established significant support at 0.6213 approximately 5 months ago, Aussie-Dollar's share price has bounced 7.15% higher.

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