Aussie edged down against its major counterparts Thursday as a fall in most Asian stock prices reduced demand for higher-yielding currencies.
Against the US dollar, the Australian currency edged down during early Asian deals on Thursday. The aussie-dollar pair touched a low of 0.9044, compared to 0.9104 hit late New York Wednesday. The next downside target level for the pair is seen around 0.884.
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The Australian dollar that closed Wednesday's North American session at 1.6334 against the European currency slipped to 1.6402 during today's early Asian deals.
If the Australian currency falls further, 1.657 is seen as the next target level. The euro-aussie pair is currently trading at 1.6381.
Against the Japanese yen, the Aussie traded down during Thursday's early Asian trading. The aussie-yen pair hit a low of 81.70, compared to Wednesday's closing value of 82.61. The pair is presently trading at 81.93 with 79.9 seen as the next support level.
The Australian dollar plunged to 0.9652 against its Canadian counterpart during early Asian deals on Thursday. On the downside, 0.953 is seen as the next target level for the Aussie. The aussie-loonie pair closed Wednesday's New York deals at 0.9677.
