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Australian Dollar Declines Against Most Majors

7/4/2012 10:18 PM ET

During early Asian deals on Thursday, the Australian dollar weakened against the currencies of Canada, U.S. and Europe.

The aussie fell to a 6-day low of 1.0395 against the Canadian dollar and a 2-day low of 1.0252 against the greenback, compared to Wednesday's close of 1.0416 and 1.0279, respectively. The next downside target level for the aussie is seen at 1.02 against the loonie and 1.035 against the greenback.

Against the euro, the aussie that ended yesterday's deals at 1.2193 slipped to as low as 1.2225. If the aussie slides further, it may target 1.225 level.

by RTT Staff Writer

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