News Column

Australian Dollar Extends Slide Against Majors

August 6, 2014

CANBERA (Alliance News) - The Australian dollar extended fall against the other major currencies in the Asian session on Thursday.

The Australian dollar fell to a 2-month low of 0.9265 against the US dollar, from an early high of 0.9356.

Against the yen and the Canadian dollar, the aussie dropped to a nearly a 3-week low of 94.72 and nearly a 2-week low of 1.0114 from early highs of 95.54 and 1.0211, respectively.

Pulling away from an early high of 1.4297 against the euro, the aussie slipped to a 6-day low of 1.4444.

The aussie, which closed yesterday's deals at 1.1024 against the NZ dollar, depreciated to a 2-day low of 1.0946. This may be compared to an early high of 1.1047.

If the aussie extends its downtrend, it is likely to find support around 0.922 against the greenback, 94.14 against the yen, 1.45 against the euro, 1.00 against the loonie and 1.08 against the kiwi.

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Source: Alliance News

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