Investing.com - The Australian dollar fell to a three-day low against its U.S. counterpart on Wednesday, as renewed concerns over the handling of Greece's sovereign debt crisis weighed on demand for risk related assets.
AUD/USD hit 1.0346 during European morning trade, the pair's lowest since November 16; the pair subsequently consolidated at 1.0360, shedding 0.26%.
The piar was likely to find support at 1.0307, the low of November 16 and resistance at 1.0394, the session high.
Sentiment weakened after talks between euro zone finance ministers and the International Monetary Fund concluded on Tuesday without reaching a deal on unlocking Greece’s bailout package, amid disagreements on how best to reduce the country’s debt to sustainable levels.
The head of the eurogroup of finance ministers Jean-Claude Juncker said a deal was close he didn’t know when Athens would receive its next aid installment. The talks are set to continue next Monday.
In Australia, the Melbourne Institute said earlier that its leading index ticked up 0.7% in September after a 0.4% rise the previous month.
The Aussie was higher against the euro with EUR/AUD falling 0.22%, to hit 1.2311.
Later in the day, the U.S. was to release the weekly government report on initial jobless claims. This data was being released one day early ahead of the Thanksgiving holiday on Thursday.
AUD/USD hit 1.0346 during European morning trade, the pair's lowest since November 16; the pair subsequently consolidated at 1.0360, shedding 0.26%.
The piar was likely to find support at 1.0307, the low of November 16 and resistance at 1.0394, the session high.
Sentiment weakened after talks between euro zone finance ministers and the International Monetary Fund concluded on Tuesday without reaching a deal on unlocking Greece’s bailout package, amid disagreements on how best to reduce the country’s debt to sustainable levels.
The head of the eurogroup of finance ministers Jean-Claude Juncker said a deal was close he didn’t know when Athens would receive its next aid installment. The talks are set to continue next Monday.
In Australia, the Melbourne Institute said earlier that its leading index ticked up 0.7% in September after a 0.4% rise the previous month.
The Aussie was higher against the euro with EUR/AUD falling 0.22%, to hit 1.2311.
Later in the day, the U.S. was to release the weekly government report on initial jobless claims. This data was being released one day early ahead of the Thanksgiving holiday on Thursday.