Australian Dollar Falls Against Majors
September 01 2015 - 6:50PM
RTTF2
The Australian dollar weakened against the other major
currencies in the Asian session on Wednesday.
The Australian dollar fell to more than a 6-year low of 0.6981
against the U.S. dollar, a 1-week low of 1.6151 against the euro
and a 6-day low of 1.1008 against the NZ dollar, from yesterday's
closing quotes of 0.7013, 1.6118 and 1.1076, respectively.
Against the yen, the aussie dropped to 83.83 from an early high
of 84.34. At yesterday's close, the aussie was trading at 83.72
against the yen. This may be compared to an early 9-day low of
83.63.
The aussie edged down to 0.9246 against the Canadian dollar,
from yesterday's closing value of 0.9299.
If the aussie extends its downtrend, it is likely to find
support around 0.66 against the greenback, 1.66 against the euro,
1.08 against the kiwi, 81.00 against the yen and 0.92 against the
loonie.
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