Australian Dollar Falls Against Majors
August 11 2015 - 11:03PM
RTTF2
The Australian dollar weakened against the other major
currencies in the Asian session on Wednesday.
The Australian dollar fell to a 6-year low of 0.7214 against the
U.S. dollar, from yesterday's closing value of 0.7305.
The aussie dropped to 8-day lows of 90.33 against the yen and
1.1127 against the NZ dollar, from yesterday's closing quotes of
91.39 and 1.1165, respectively.
Against the euro and the Canadian dollar, the aussie slipped to
an 8-month low of 1.5286 and nearly a 2-week low of 0.9489 from
yesterday's closing quotes of 1.5113 and 0.9579, respectively.
If the aussie extends its downtrend, it is likely to find
support around 0.71 against the greenback, 89.00 against the yen,
1.10 against the kiwi, 1.53 against the euro and 0.94 against the
loonie.
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