Back
16 Dec 2014
AUD/USD hits 2-day highs
FXStreet (Córdoba) - The US dollar weakened in the currency market during the European session and pushed AUD/USD to the upside, amid better-than-expected data from the Eurozone.
The pair climbed to 0.8274, reaching the highest price since last Friday and currently trades at 0.8250/55, 45 pips above yesterday’s closing price.
AUD/USD rebounds from 0.8198
During the Asian session the aussie reached a fresh multi-year low versus the US dollar after the release of the Chinese HSBC PMI Manufacturing index that dropped in December, according to the preliminary reading to 49.5, from 50.0; reaching the lowest level in seven months. The pair bottomed at 0.8198 but rebounded and then gained bullish momentum after breaking above 0.8235.
The pair climbed to 0.8274, reaching the highest price since last Friday and currently trades at 0.8250/55, 45 pips above yesterday’s closing price.
AUD/USD rebounds from 0.8198
During the Asian session the aussie reached a fresh multi-year low versus the US dollar after the release of the Chinese HSBC PMI Manufacturing index that dropped in December, according to the preliminary reading to 49.5, from 50.0; reaching the lowest level in seven months. The pair bottomed at 0.8198 but rebounded and then gained bullish momentum after breaking above 0.8235.