More pain for the aussie as it falls to a low of 0.7664 against the dollar
The struggle is real for the aussie. The dollar demand today is weighing on all major currencies, but on the year the aussie is being hurt quite badly.
Falling below the year's low continues to justify the trend that we're seeing - lower lows and lower highs. And until the pattern breaks, it sure does look like there is more pain in store for the aussie.
As Adam pointed out here yesterday, the aussie just can't catch a break this year no matter what the scenario is.
That's never a good sign for any currency.
