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Aussie dollar up against the greenback

Xinhua, February 22, 2017 Adjust font size:

The Australian dollar saw a slight push against the greenback on Wednesday, despite the U.S. currency also received a lift following comments from the Federal Reserve outlining the possibility of a rate rise in March.

At the Asian market open, 0700 (AEDT), the Australian dollar was trading at 76.82 U.S. cents, up from 76.70 on Tuesday.

At a speech delivered in Singapore ahead of the American holiday, Cleveland Federal Reserve President Loretta Mester stated that she would be "comfortable" with a rise in interest rates if the economy stayed on its current course.

Support for the Aussie dollar is also coming from the uncertainty surrounding the upcoming election in France and the Netherlands where anti-Eurozone rhetoric is gaining more traction.

At 09:30 (AEDT) the local currency was buying 76.74 U.S. cents. Endit