Australian Dollar Falls Against Majors
11:08, 8th May 2024
(RTTNews) - The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
The Australian dollar fell to a 1-week low of 1.0969 against the NZ dollar, from yesterday's closing value of 1.0987.
Against the U.S. dollar and the euro, the aussie slid to 5-day lows of 0.6569 and 1.6349 from Tuesday's closing quotes of 0.6589 and 1.6315, respectively.
Against the yen and the Canadian dollar, the aussie edged down to 101.83 and 0.9033 from yesterday's closing quotes of 101.97 and 0.9049, respectively.
If the aussie extends its downtrend, it is likely to find support around 1.08 against the kiwi, 0.64 against the greenback, 1.66 against the euro, 98.00 against the yen and 0.88 against the loonie.
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