Australian Dollar Edges Higher in Thin Trading

The Australian dollar gained today, rising for the ninth straight trading session against the US dollar and the Japanese yen. Monday’s trading was thin as many important markets were closed due to holidays.
The Aussie continued to move up as the weakness of the weakness of the greenback was helping risk-related currencies. Without any major news, the currency felt no need to change its trend. The current trading session is expected to be very light on news and macroeconomic data as markets in the United States, Canada and Japan are close.
AUD/USD climbed from 0.7315 to 0.7363 as of 9:30 GMT today, trading near the highest level since August 20. AUD/JPY gained from 87.91 to 88.47, reaching the highest rate since August 24.

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