The Australian dollar slipped against the NZ and U.S. dollars in European morning deals on Tuesday.
The aussie is now trading at 1.2616 against the kiwi with 1.255 seen as the next downside target level. The aussie-kiwi pair closed Monday's deals at 1.2626.
Against the U.S. dollar, the aussie that closed Monday's trading at 1.0322 hit 1.0291, its lowest level since October 17. If the aussie extends decline, 1.02 is seen as the next target level.
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