The Australian dollar retreated from early highs against the other major currencies in the Asian session on Wednesday.
The Australian dollar fell to 0.7307 against the U.S. dollar, 89.81 against the yen and 1.4535 against the euro, from an early near 2-month high of 0.7342, nearly a 3-1/2-month high of 90.23 and a 5-month high of 1.4468, respectively.
Against the Canadian dollar, the aussie dropped to 0.9767 from an early high of 0.9806.
If the aussie extends its downtrend, it is likely to find support around 0.71 against the greenback, 87.00 against the yen, 1.50 against the euro and 0.95 against the loonie.
Published: 2015-12-02 01:08:00 UTC+00
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