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Forex News: Australian Dollar Slides Against Majors

Australian Dollar Slides Against Majors

09/27/2017 - 02:32:00 (RTTNews)

(RTTNews) - The Australian dollar weakened against other major currencies in the pre-European session on Wednesday.

The Australian dollar fell to a 2-day low of 1.4990 against the euro, from an early high of 1.4946.

Against the U.S. and the Canadian dollars, the aussie dropped to a 6-week low of 0.7856 and nearly a 6-week low of 0.7856 from early highs of 0.7883 and 0.9734, respectively.

Against the yen and the NZ dollar, the aussie edged down to 88.29 and 1.0912 from early highs of 88.46 and 1.0954, respectively.

If the aussie extends its downtrend, it is likely to find support around 1.51 against the euro, 0.77 against the greenback, 0.96 against the loonie, 87.00 against the yen and 1.07 against the kiwi.

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