Australian Dollar Falls Against Majors
May 27 2015 - 4:20AM
RTTF2
The Australian dollar weakened against the other major
currencies in the early European session on Wednesday.
The Australian dollar fell to a 5-day low of 1.4107 against the
euro, from an early high of 1.4028.
Pulling away from an early high of 0.7768 against the U.S.
dollar, the aussie dropped to 0.7735. This may be compared to an
early near 5-week low of 0.7725.
Against the yen and the Canadian dollar, the aussie edged down
to 95.15 and 0.9605 from early highs of 95.49 and 0.9638,
respectively.
If the aussie extends its downtrend, it is likely to find
support around 1.43 against the euro, 0.75 against the greenback,
93.00 against the yen and 0.94 against the loonie.
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