New York deals

Australian dollar revealed its strength against major rivals, US dollar, euro, Canadian dollar, Yen, during early Asian deals on Thursday. That is mainly a result of Asian stocks gain for the fourth straight session today: the benchmark S&P/ASX 200 Index was gaining 23.10 points or 0.64% to 3,632.40 and the broader All Ordinaries Index was advancing 23.70 points or 0.67% to 3,569.90.

During early European deals on Wednesday the US dollar declined from a 6-day high against euro and a 2-day high against franc, but still remains down against yen and gains versus sterling. At the same time Euro recovered from multi-day lows against the most major rivals. It eased from a 13-day low against the franc, 6-day low against the dollar and a 2-day low against the yen, staying high against pound.  

Early Monday deals revealed US dollar weakness against its major counterparts, GBP, CHF and EUR, slipping to a 1-month low against sterling and to a 2-day low against the euro and the franc. However it strengthened against yen jumping to a 4-day high.

Thus, USD plunged versus GBP, declining to a 1-month low of 1.4620 during Monday's early trading, compared to 1.4446 hit late Friday in New York. In case the dollar drops further, 1.46 is seen the next target.