Australian Dollar Extend Gains on Interest Rates Outlook

The Aussie profited today from a risk driven scenario in global markets and extended yesterday’s gains after central bankers in the nation said that interest rates may be hiked further this year if the economy continues to recover.

The Australian dollar started to rise today in the beginning of the South Pacific trading session after government authorities affirmed that the current suspension in rate raises are likely to to end if the national economy continues to grow and the international scenario improves, allowing the Aussie to gain as Greece concerns cooled down raising risk appetite among forex traders today.

AUD/JPY traded at 81.13 as of 19:38 GMT from a previous intraday rate of 80.04.

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