Australian Dollar Falls Against Majors
(RTTNews) - The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
The Australian dollar fell to 8-day lows of 1.6320 against the euro and 99.44 against the yen, from yesterday's closing quotes of 1.6242 and 99.99, respectively.
Against the U.S. and the Canadian dollars, the aussie slipped to more than a 1-month low of 0.6668 and a 1-week low of 0.9194 from Tuesday's closing quotes of 0.6702 and 0.9231, respectively.
If the aussie extends its downtrend, it is likely to find support around 1.65 against the euro, 97.00 against the yen, 0.65 against the greenback and 0.90 against the loonie.
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Antipodean Currencies Slide Amid Risk Aversion
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Wednesday amidst risk aversion, as some traders looked to cash in on recent strength in the markets and booked some profits. The rising tensions in the Middle East and reports about China's extensive drills around Taiwan are also hurting market sentiment.
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Euro Weakens Ahead Of ECB Rate Decision
The euro declined against its most major counterparts in the New York session on Tuesday, ahead of the European Central Bank meeting that is widely expected to deliver another interest rate cut after recent data signaled continued weakness in the euro zone economy.
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Yen Rises Amid BoJ Rate Hike Uncertainty
The Japanese yen strengthened against other major currencies in the European session on Tuesday, following Bank of Japan Governor Kazuo Ueda's dovish remarks and incoming Prime Minister Shigeru Ishiba's unexpected resistance to additional rate increases.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the European session on Tuesday.
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Canadian Dollar Falls Ahead Of Canada CPI Data
The Canadian dollar weakened against other major currencies in the Asian session on Tuesday, as traders await the release of the latest Canadian consumer inflation figures due later on the day. The drop of crude oil prices also undermined the currency.
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Canadian Dollar Falls Against Majors
The Canadian dollar weakened against other major currencies in the Asian session on Tuesday.
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U.S. Dollar Rises As China Economy Grows
The U.S. dollar strengthened against other major currencies in the Asian session on Monday, as a Japanese holiday reduced liquidity and made China's very lackluster weekend stimulus measures the center of attention for the market.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Monday.
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