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The Australian dollar is drifting higher, but remains below the 77 cent level
The Australian dollar drifted higher overnight, benefiting from thin trading conditions as a result of the President’s Day holiday in the United States. But it’s still below the 77 cent level, a region that it’s struggled to overcome in recent months. Here’s the Australian dollar scoreboard as at 8am AEDT. • AUD/USD0.7682,0.0013,0.17% • AUD/JPY86.88,0.38,0.44% • AUD/CNH5.2675,0.0163,0.31% • AUD/EUR0.7237,0.0019,0.26% • AUD/GBP0.6162,-0.0012,-0.19% • AUD/NZD1.0678,0.0008,0.07% Whether the AUD/USD makes another attempt to break above this level of strong selling resistance is unlikely to be answered ... (full story)