The Australian dollar holds steady versus the U.S. Dollar as investors focus on Spain

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Source: Forexpros

On Tuesday, the Australian Dollar held steady versus the Greenback, as traders were focused on soaring borrowing costs for Spain ahead of the sale of its government debt later this day. AUD/USD reached a session low at 1.0105 in the late Asian trading hours, and later the pair consolidated at 1.0124, which was a slight 0.02% decrease for that trading session.


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Tue, 19 Jun 2012 10:00:58 GMT

USD/JPY falls on Spanish woes

The Greenback edged lower versus the Japanese Yen on Tuesday, since investors were cautious about rising borrowing costs for Spain and looking for safe havens. USD/JPY hit the bottom at 78.93, and later consolidated at 78.96, losing 0.19% during the early European trading session. The pair's support could be at 78.60, while resistance was likely to be found at 79.50.

Tue, 19 Jun 2012 08:55:59 GMT

The Euro pushes higher versus the Greenback, but Spain worries cap gains

On Tuesday, the Euro edged higher versus the U.S. Dollar, but gains seemed to be capped by worries over rising Spanish bond yields. EUR/USD peaked at 1.2616 in the late Asian trading hours, and later consolidated at 1.2589, gaining 0.10%. The pair's support was likely to be at 1.2541, and resistance may be at 1.2663.

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