Australian Dollar Falls Against Majors
28 October 2016 - 1:51PM
RTTF2
The Australian dollar weakened against the other major
currencies in the pre-European session on Friday.
The Australian dollar fell to an 8-day low of 1.4411 against the
euro, from an early high of 1.4339.
Against the U.S., the New Zealand and the Canadian dollars, the
aussie dropped to a 2-week low of 0.7573, a 4-day low of 1.0622 and
a 3-day low of 1.0142 from early highs of 0.7608, 1.0664 and
1.0175, respectively.
The aussie slipped to 79.76 against the yen, from an early high
of 80.02.
If the aussie extends its downtrend, it is likely to find
support around 1.47 against the euro, 0.74 against the greenback,
1.04 against the kiwi, 0.99 against the loonie and 77.00 against
the yen.
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