Asian currencies grabbed attention after they rallied against the US dollar amid the global growth signs, where the Australian dollar has hit a new record vs. the greenback at 1.0715, also the New Zealand dollar reached to a fresh three-year high.
The Japanese currency has continued its upside movement in more than 10 days versus its US counterpart, as the yield has increased 1.3% government bond March 2021 from 1.24%.
The pair dropped and ended yesterday's session at 82.48, after recorded the lowest level at 82.26. On the other hand, the daily and four hours momentum indicators show the pair in an oversold area.
The AUD/USD pair soared during yesterday session after recorded a new multi decades high, supported by the increases in stocks and commodities, boosting demand for assets linked to growth along with the rise in gold which trades above $1500. The AUD/USD pair increased sharply during yesterday's session, closed at 1.0691.
The New Zealand dollar continues for a third straight day against its U.S. counterpart amid gains in raw materials, which account for more than half of the nations' exports.
The NZ dollar ended Wednesday session at 0.7969, after recorded a high of 0.8006 and a low of 0.7898.