Australian Dollar Retreats Against Majors
July 07 2015 - 12:06AM
RTTF2
The Australian dollar retreated from its recent highs against
the other major currencies in the Asian session on Tuesday.
The Australian dollar fell to an 8-day low of 1.1180 against the
NZ dollar, from an early 4-day high of 1.0704.
Against the U.S. and the Canadian dollar, the aussie dropped to
0.7464 and 0.9447 from early highs of 0.7490 and 0.9478,
respectively.
Pulling away from early highs of 91.84 against the yen and
1.4727 against the euro, the aussie edged down to 91.54 and 1.4777,
respectively.
If the aussie extends its downtrend, it is likely to find
support around 1.06 against the kiwi, 0.72 against the greenback,
0.92 against the loonie, 90.00 against the yen and 1.49 against the
euro.
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