Australian Dollar Retreats Against Majors
14 April 2015 - 4:40PM
RTTF2
The Australian dollar retreated from its early highs against the
other major currencies ahead of European session on Tuesday.
The Australian dollar fell to a 1-week low of 90.77 against the
yen, from an early high of 91.37.
Pulling away from an early high of 1.3873 against the euro, the
aussie dropped to 1.3912.
Against the U.S., the New Zealand and the Canadian dollars, the
aussie edged down to 0.7575, 1.0164 and 0.9535 from early highs of
0.7623, 1.0198 and 0.9585, respectively.
If the aussie extends its downtrend, it is likely to find
support around 89.00 against the yen, 1.45 against the euro, 0.74
against the greenback, 1.00 against the kiwi and 0.94 against the
loonie.
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