Australian Dollar Falls Against Majors
11 March 2024 - 1:44PM
RTTF2
The Australian dollar weakened against other major currencies in
the Asian session on Monday.
The Australian dollar fell to nearly a 1-month low of 97.06
against the yen, from Friday's closing value of 97.46.
Against the U.S. and the New Zealand dollars, the aussie dropped
to 4-day lows of 0.6606 and 1.0706 from last week's closing quotes
of 0.6627 and 1.0729, respectively.
Against the euro and the Canadian dollar, the aussie edged down
to 1.6554 and 0.8911 from last week's closing quotes of 1.6499 and
0.8932, respectively.
If the aussie extends its downtrend, it is likely to find
support around 95.00 against the yen, 0.64 against the greenback,
1.05 against the kiwi, 1.67 against the euro and 0.87 against the
loonie.
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