The Aussie advanced Tuesday against the U.S. dollar as the nation`s business confidence jumped to a two-year high in August. Recently, the Australian economy showed signs of stability following a more-than-estimated growth in the second quarter, giving ground for the dollar to advance.
The Aussie rose versus the greenback on Tuesday`s Asian trading where the AUD/USD pair logged a high of 0.92671 after hitting its lowest at 0.92282. The pair began the session at 0.92282. New Zealand’s dollar also advanced on gains in the Aussie against the U.S. dollar as the NZD/USD pair went high to 0.80464 from a low at 0.80132. Meanwhile, the euro followed suit and picked up in the face of the benjamin for the fourth straight session.
The EUR/USD pair was at high of 1.32653 from a low of 1.32494. The U.S. dollar fell against the Japanese yen for the second straight session as the USD/JPY pair came in at a low of 99.497 from a high of 99.731. The yen also gained on Tuesday against the euro recording a low of 132.000 after hitting its highest at 132.062. The NZD/JPY pair gained to high at 75.955 from low at 75.721.