Australian Dollar Falls Against Majors
27 July 2015 - 05:32PM
RTTF2
The Australian dollar weakened against the other major
currencies in the early European session on Monday.
The Australian dollar fell to nearly a 7-1/2-month low of 1.5230
against the euro and more than a 1-1/2-month low of 1.1016 against
the NZ dollar, from early highs of 1.5062 and 1.1073,
respectively.
Against the yen and the Canadian dollar, the aussie dropped to
more than a 2-week low of 89.64 and nearly a 2-week low of 0.9468
from early highs of 90.21 and 0.9508, respectively.
The aussie edged down to 0.7265 against the U.S. dollar, from an
early high of 0.7302.
If the aussie extends its downtrend, it is likely to find
support around 1.53 against the euro, 1.06 against the kiwi, 89.00
against the yen, 0.93 against the loonie and 0.71 against the
greenback.
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