Australian Dollar Slides Against Majors
31 July 2015 - 8:03PM
RTTF2
The Australian dollar weakened against the other major
currencies in the European session on Friday.
The Australian dollar fell to a 6-year low of 0.7244 against the
U.S. dollar, from an early high of 0.7309.
Against the yen and the euro, the aussie dropped to a 3-day low
of 90.04 and a 2-day low of 1.5131 from early highs of 90.59 and
1.4937, respectively.
Pulling away from an early 2-day high of 0.9497 against the
Canadian dollar, the aussie edged down to 0.9461.
If the aussie extends its downtrend, it is likely to find
support around 0.68 against the greenback, 89.00 against the yen,
1.54 against the euro and 0.93 against the loonie.
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