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Australian Dollar Falls Against Majors
(RTTNews) - The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
The Australian dollar fell to a 4-day low of 1.6494 against the euro and a 3-week low of 96.72 against the yen, from yesterday's closing quotes of 1.6369 and 97.43, respectively.
Against the U.S., the New Zealand and the Canadian dollars, the aussie dropped to a 5-day low of 0.6571, more than a 1-1/2-month low of 1.0692 and nearly a 3-week low of 0.8913 from yesterday's closing quotes of 0.6619, 1.0733 and 0.8960, respectively.
If the aussie extends its downtrend, it is likely to find support around 1.68 against the euro, 94.00 against the yen, 0.63 against the greenback, 1.05 against the kiwi and 0.87 against the loonie.
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