Aussie Generally Lower Against Majors, Monday, June 25, 2007 6:32:54 PM
The Australian dollar was generally lower against the other majors on Monday in New York. The aussie slipped away from a multi-year high against the U.S. dollar and also slipped against the euro. The Australian currency was generally range-bound with the sterling.The aussie moved away from a multi-year high against the dollar on Monday in New York. The Australian currency dropped in the morning, but rebounded at around 7 a.m. ET. It trended down from there, however, and dropped even more sharply in the mid-afternoon. The aussie rebounded back to 0.8473 by 6:10 p.m. ET.
The aussie was choppy within a range against the sterling on Monday in New York. The aussie touched as high as 2.3511 at 10:45 a.m. and as low as 2.3615 at 3 p.m. ET. In general, the pair has been range-bound for about five days.
The Australian dollar fell against the euro on Monday in New York. The currencies were generally trading sideways until about 2 p.m. when the aussie fell sharply. It got as low as 1.5915 at 3:15 p.m. ET. The aussie rebounded back to 1.5888 by 6:15 p.m. ET.
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posted by Kalin Tasev @ 5:40 PM
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