Australian Dollar Falls Against Majors
December 17 2024 - 7:34PM
RTTF2
The Australian dollar weakened against other major currencies in
the Asian session on Wednesday.
The Australian dollar fell to more than a 1-year low of 0.6310
against the U.S. dollar, from yesterday's closing value of
0.6336.
Against the yen and the NZ dollar, the aussie dropped to 1-week
lows of 96.80 and 1.0995 from Tuesday's closing quotes of 97.26 and
1.1009, respectively.
Against the euro and the Canadian dollar, the aussie slipped to
more than a 4-month low of 1.6646 and a 2-day low of 0.9041 from
yesterday's closing quotes of 1.6544 and 0.9047, respectively.
If the aussie extends its downtrend, it is likely to find
support around 0.61 against the greenback, 93.00 against the yen,
1.08 against the kiwi, 1.72 against the euro and 0.89 against the
loonie.
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