Australian Dollar Drops Against Majors
March 18 2024 - 8:59PM
RTTF2
The Australian dollar weakened against other major currencies in
the Asian session on Tuesday. The Australian dollar fell to nearly
a 2-week low of 1.6667 against the euro and a 4-day low of 97.58
against the yen, from yesterday's closing quotes of 1.6569 and
97.83, respectively.
Against the U.S. and the Canadian dollars, the aussie dropped to
near 2-week lows of 0.6518 and 0.8839 from Monday's closing quotes
of 0.6559 and 0.8875, respectively.
The aussie edged down to 1.0764 against the NZ dollar, from
Monday's closing value of 1.0775.
If the aussie extends its downtrend, it is likely to find
support around 1.67 against the euro, 96.00 against the yen, 0.64
against the greenback, 0.86 against the loonie and 1.06 against the
kiwi.
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