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Australian Dollar Falls Against Majors

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

The Australian dollar fell to nearly a 2-month low of 0.9987 against the Canadian dollar and a 4-day low of 82.88 against the yen, from yesterday's closing quotes of 0.9997 and 83.21, respectively.

Against the U.S. dollar, the aussie dropped to 0.7494 from an early 4-day high of 0.7513.

The aussie slipped to 1.4124 against the euro, from yesterday's closing value of 1.4117.

If the aussie extends its downtrend, it is likely to find support around 0.98 against the loonie, 81.00 against the yen, 0.73 against the greenback and 1.44 against the euro.

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