Australian dollar declines against major currencies in Asian trade

CANBERA: The Australian dollar weakened against the other major currencies in the Asian session on Friday.

The Australian dollar fell to a 1-week low of 0.9727 against the Canadian dollar and a 4-day low of 0.7791 against the US dollar, from yesterday’s closing quotes of 0.9766 and 0.7827, respectively.

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Pulling away from an early 2-day high of 1.3875 against the euro, the aussie slipped to 1.3957. At yesterday’s close, the aussie was trading at 1.3902 against the euro.

The aussie depreciated to 1.0288 against the NZ dollar, from an early high of 1.0323.

Against the yen, the aussie edged down to 92.96 from yesterday’s closing value of 93.28.

If the aussie extends its downtrend, it is likely to find support around 0.95 against the loonie, 0.74 against the greenback, 1.43 against the euro, 1.01 against the kiwi and 90.54 against the yen.