The Australian dollar continued to be strong against the other major currencies in the Asian session on Thursday, as most Asian shares rose, following a positive reaction to the Federal Reserve's monetary policy statement. In addition, higher commodity prices boosted resource stocks.

As was widely expected, the U.S. Federal Reserve left interest rates unchanged. The accompanying statement by the central bank included some subtle changes that point toward a near-term interest rate hike, but the Fed did not provide a specific timetable.

The oil prices rose after official data from the Energy Information Administration showed crude stockpiles in the U.S. to have declined much more than expected last week.

Crude oil for September delivery are currently up $0.10 to $48.89 a barrel.

Moreover, the surge in iron ore prices that lifted mining stocks, also supported the currency.

Meanwhile, the currency trimmed some of its gains in reaction to disappointing reports on building approvals for June and export prices data for the second quarter of 2015.

Wednesday, the Australian dollar rose 0.09 percent against the U.S. dollar, 0.13 percent against the yen and 0.14 percent against the euro.

In the Asian trading, the Australian dollar rose to 6-day highs of 90.89 against the yen and 1.4982 against the euro, from yesterday's closing quotes of 90.39 and 1.5049, respectively. If the aussie extends its uptrend, it is likely to find resistance around 91.80 against the yen and 1.47 against the euro.

Against the NZ dollar, the aussie advanced to a 3-day high of 1.1022 from yesterday's closing value of 1.0935. The aussie may test resistance near the 1.11 region.

The aussie edged up to 0.7320 against the U.S. dollar and 0.9482 against the Canadian dollar, from yesterday's closing quotes of 0.7293 and 0.9435, respectively. On the upside, 0.74 against the greenback and 0.95 against the loonie are seen as the next resistance level for the aussie.

Looking ahead, Swiss KOF leading indicator, German unemployment rate and Eurozone economic confidence index, all for July, are due to be released in the European session.

In the New York session, preliminary German CPI for July, advance second quarter U.S. GDP data and U.S. jobless claims for the week ended July 25, are slated for release.

Euro vs AUD (FX:EURAUD)
Forex Chart
Von Feb 2024 bis Mär 2024 Click Here for more Euro vs AUD Charts.
Euro vs AUD (FX:EURAUD)
Forex Chart
Von Mär 2023 bis Mär 2024 Click Here for more Euro vs AUD Charts.