2024.01.1802:49:00UTC+00Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Thursday.

The Australian dollar fell to nearly a 2-month low of 1.6675 against the euro, from yesterday's closing value of 1.6600.

Against the U.S. dollar and the yen, the aussie slipped to 0.6526 and 96.72 from Wednesday's closing quotes of 0.6550 and 97.04, respectively.

Against the Canada and the New Zealand dollars, the aussie slipped to more than a 2-month low of 0.8815 and a 3-day low of 1.0692 from yesterday's closing quotes of 0.8846 and 1.0703, respectively.

If the aussie extends its downtrend, it is likely to find support around 1.68 against the euro, 0.64 against the greenback, 95.00 against the yen, 0.87 against the loonie and 1.05 against the kiwi.