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Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Tuesday.

The Australian dollar fell to a 5-day low of 0.7998 against the U.S. dollar and a 6-day low of 0.9693 against the Canadian dollar, from yesterday's closing quotes of 0.8026 and 0.9720, respectively.

Against the euro and the yen, the aussie dropped to 1.4940 and 87.48 from yesterday's closing quotes of 1.4885 and 87.81, respectively.

If the aussie extends its downtrend, it is likely to find support around 0.78 against the greenback, 0.95 against the loonie, 1.51 against the euro and 89.00 against the yen.

by RTTNews Staff Writer

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