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Forex News: Australian Dollar Falls Against Majors

Australian Dollar Falls Against Majors

10/05/2017 - 23:47:00 (RTTNews)

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

The Australian dollar fell to more than a 5-week low of 1.5112 against the euro and more than a 3-week low of 87.40 against the yen, from yesterday's closing quotes of 1.5021 and 87.93, respectively.

Against the U.S., the Canadian and the New Zealand dollars, the aussie dropped to nearly a 3-month low of 0.7743, a 1-week low of 0.9742 and a 3-day low of 1.0911 from yesterday's closing quotes of 0.7794, 0.9793 and 1.0950, respectively.

If the aussie extends its downtrend, it is likely to find support around 1.52 against the euro, 85.00 against the yen, 0.75 against the greenback, 0.95 against the loonie and 1.07 against the kiwi.

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