News Column

Australian Dollar Falls Against Majors

June 30, 2014

CANBERA (Alliance News) - The Australian dollar weakened against the other major currencies in the early European session on Monday

The Australian dollar fell to 5-day lows of 1.4520 against the euro and 0.9394 against the US dollar, from early highs of 1.4471 and 0.9430, respectively.

Moving away from an early high of 95.60 against the yen, the Australian dollar slipped to nearly a 2-week low of 95.27.

The aussie which closed last week's deals at 1.0044 against the Canadian dollar, fell to yesterday's multi-week low of 1.0036. This may be compared to an early high of 1.0065.

If the aussie extends its fall, it is likely to find support around 1.46 against the euro, 0.93 against the greenback, 94.15 against the yen and 1.00 against the loonie.

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Source: Alliance News

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