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 Australian Dollar Slides To 10-day Low Against Greenback And Yen

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PostSubject: Australian Dollar Slides To 10-day Low Against Greenback And Yen   Australian Dollar Slides To 10-day Low Against Greenback And Yen Icon_minitimeMon Jul 09, 2012 12:04 pm

Australian Dollar Slides To 10-day Low Against Greenback And Yen


The Australian dollar lost ground against most of its major opponents in early European deals on Monday.
The aussie reached a 10-day low of 80.98 against the yen and 1.0165 against the US dollar around 4:00 am ET. The next downside target levels for the Australian dollar are seen at 1.0020 against the greenback and 79.80 against the yen.
The Australian currency also fell to a 4-day low of 1.2095 against the euro around this time. On the downside, the aussie may find target around the 1.2230 level.
Meanwhile, the Australian dollar strengthened against its Tasman rival, hitting a 1-week high of 1.2819 around 4:00 am ET. The aussie-NZ dollar pair is presently worth 1.2815 with 1.2830 seen as the next probable resistance level.



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