Extending early decline, the Australian dollar drifted lower against the U.S. dollar in European morning deals on Tuesday.
The aussie hit 0.7451 against the greenback, its lowest since May 1, 2009. The next possible downside target for the aussie-greenback pair is seen around the 0.73 zone. The pair was worth 0.7498 at yesterday’s close.
The material has been provided by InstaForex Company – www.instaforex.com