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The Australian dollar is on the charge in Asia

Guillermo Legaria/AFP/Getty Images

The Australian dollar is on the charge in Asia, jumping back above the 78 cent level in recent trade.

Here’s the scoreboard as 2.35pm AEDT.

AUD/USD 0.7817 , 0.003 , 0.39%
AUD/JPY 87.85 , 0.26 , 0.30%
AUD/CNH 5.1453 , 0.0266 , 0.52%
AUD/EUR 0.6583 , 0.0018 , 0.27%
AUD/GBP 0.5898 , 0.001 , 0.17%
AUD/NZD 1.1005 , 0.0017 , 0.15%

After opening the session at .7787, the AUD/USD was immediately bid from the outset in Asia, grinding higher on the back of US dollar weakness following the release of the minutes of the US Federal Reserve’s September FOMC meeting earlier late on Wednesday.

Along with a softer greenback, the Aussie was also helped by a stronger-than-expected Australian housing finance report for August released earlier in the session, seeing it hit a high of .7823 in recent trade.

It currently trades at .7817.

Thin trading conditions over the Tokyo lunch break may have encouraged traders to trip stop-loss orders layered above the Aussie’s previous high of .7809 struck on Wednesday.

The Aussie is also performing strongly against all major crosses.

AUD/USD Hourly Chart

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