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Forex News: Australian Dollar Falls Against Majors

Australian Dollar Falls Against Majors

04/03/2017 - 01:31:00 (RTTNews)

(RTTNews) - The Australian dollar weakened against the other major currencies in the Asian session on Monday.

The Australian dollar fell to a 4-day low of 1.4047 against the euro, from Friday's closing value of 1.3964.

Against the U.S. dollar and the yen, the aussie dropped to 6-day lows of 0.7603 and 84.65 from last week's closing quotes of 0.7627 and 84.96, respectively.

Against the New Zealand and the Canadian dollars, the aussie slipped to a 6-day low of 1.0852 and nearly a 4-week low of 1.0125 from last week's closing quotes of 1.0882 and 1.0158, respectively.

If the aussie extends its downtrend, it is likely to find support around 1.43 against the euro, 0.75 against the greenback, 83.00 against the yen, 1.06 against the kiwi and 1.00 against the loonie.

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