Australian Dollar Falls Against Majors
05 March 2024 - 1:10PM
RTTF2
The Australian dollar weakened against other major currencies in
the Asian session on Tuesday. The Australian dollar fell to a
3-1/2-month low of 1.6744 against the euro and nearly a 3-week low
of 0.6478 against the U.S. dollar, from yesterday's closing quotes
of 1.6665 and 0.6511, respectively.
Against the NZ dollar and the yen, the aussie slipped to 4-day
lows of 1.0665 and 97.47 from Monday's closing quotes of 1.0681 and
98.00, respectively.
The aussie slipped to a 6-day low of 0.8806 against the Canadian
dollar, from yesterday's closing value of 0.8835.
If the aussie extends its downtrend, it is likely to find
support around 1.69 against the euro, 0.63 against the greenback,
1.05 against the kiwi, 96.00 against the yen and 0.87 against the
loonie.
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