Australian Dollar Retreats Against Majors
March 07 2017 - 6:35PM
RTTF2
The Australian dollar retreated from early highs against the
other major currencies in the Asian session on Wednesday.
The Australian dollar fell to a 2-day low of 86.24 against the
yen, from an early high of 86.55.
Against the NZ dollar, the aussie dropped to 1.0900 from an
early 10-month high of 1.0926.
Against the U.S. dollar, the euro and the Canadian dollar, the
aussie slipped to 0.7587, 1.3920 and 1.0179 from early highs of
0.7609, 1.3929 and 1.0198, respectively.
If the aussie extends its downtrend, it is likely to find
support around 85.00 against the yen, 1.07 against the kiwi, 0.74
against the greenback, 1.42 against the euro and 0.99 against the
loonie.
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