Australian Dollar Slides Against Majors
24 Mai 2016 - 2:35AM
RTTF2
The Australian dollar weakened against the other major
currencies in the Asian session on Tuesday.
The Australian dollar fell to nearly a 3-week low of 78.59
against the yen and nearly a 2-week low of 1.5599 against the euro,
from yesterday's closing quotes of 78.89 and 1.5528,
respectively.
Against the U.S. and the Canadian dollars, the aussie dropped to
a 5-day low of 0.7183 and a 4-day low of 0.9460 from yesterday's
closing quotes of 0.7222 and 0.9491, respectively.
The aussie edged down to 1.0692 against the NZ dollar, from an
early 6-day high of 1.0734.
If the aussie extends its downtrend, it is likely to find
support around 77.00 against the yen, 1.56 against the euro, 0.70
against the greenback, 0.92 against the loonie and 1.05 against the
kiwi.
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