Australian Dollar Moves Lower Against Majors, Tuesday, July 31, 2007 5:44:28 PM
The aussie was down against the major currencies on Tuesday in New York. The Australian dollar saw most of its weakness in afternoon activity. Traders looked ahead to Wednesday morning`s release of data reports on Australian retail sales, trade balance, exports and imports.The Australian dollar fell out of a range against the greenback in the afternoon and was down for the day. The pair was range-bound until about 3 p.m. ET when it started to decline. It fell for the next 2 Ѕ hours and was at a daily low of 0.8507 at 5:30 p.m. ET.
The Australian dollar saw afternoon weakness and was down for the day against the euro. The aussie began to fall in the early afternoon and dropped sharply at 3:30 p.m. ET. It continued to edge lower in the later afternoon and traded at 1.6083 at 5:30 p.m. ET.
The aussie saw weakness against the sterling and was down for the day on Tuesday in New York. The Australian dollar gained early, but then began to fall at around 5 a.m. ET. it added further losses in the late morning and then fell throughout the afternoon. It was at a daily low of 2.3869 at 5:40 p.m. ET.
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posted by Kalin Tasev @ 5:14 PM
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