CANBERA (dpa-AFX) - During early Asian trades on Wednesday, the Australian currency was lower against most major counterparts.
The aussie that closed Tuesday's deals at 1.0528 against the greenback and 1.0398 against the loonie is presently trading at 1.0483 and 1.0370, respectively. If the aussie slides further, it may target 1.02 against the greenback and 1.025 against the loonie.
Against the European currency, the aussie is presently trading at 1.3753, compared to Tuesday's close of 1.3724. On the downside, the aussie may target 1.39 level.
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