Previous close | 0.7089 |
Open | 0.7089 |
Bid | 0.7092 |
Day's range | 0.7060 - 0.7112 |
52-week range | 0.6845 - 0.7775 |
Ask | 0.7087 |
The Aussie was not helped by data showing Australian business investment fell 0.9% in the first quarter when analysts had looked for a rise of 1.5%.
The Australian dollar initially tried to rally during the trading session on Wednesday but gave back the gains to show signs of weakness again. In fact, we broke down below the bottom of the previous hammer.
It looks as if momentum has shifted in favor of the Aussie and Kiwi amid fears over the strength of the U.S. economy.