Australian Dollar Falls Against Majors
05 December 2023 - 11:55AM
RTTF2
The Australian dollar weakened against other major currencies in
the Asian session on Tuesday.
The Australian dollar fell to a 4-day low of 1.6494 against the
euro and a 3-week low of 96.72 against the yen, from yesterday's
closing quotes of 1.6369 and 97.43, respectively.
Against the U.S., the New Zealand and the Canadian dollars, the
aussie dropped to a 5-day low of 0.6571, more than a 1-1/2-month
low of 1.0692 and nearly a 3-week low of 0.8913 from yesterday's
closing quotes of 0.6619, 1.0733 and 0.8960, respectively.
If the aussie extends its downtrend, it is likely to find
support around 1.68 against the euro, 94.00 against the yen, 0.63
against the greenback, 1.05 against the kiwi and 0.87 against the
loonie.
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