THE Australian dollar is lower as the sellers come into the market following the currency’s three-session rally.

At 0630 AEDT on Thursday, the local unit was trading at 72.29 US cents, down from 72.41 cents on Wednesday.

Metals prices are consolidating after rising for several days, ending the Australian dollar’s rally.

CURRENCY SNAPSHOT AT 0700 AEDT ON THURSDAY

One Australian dollar buys:

* 72.29 US cents, from 72.41 cents on Wednesday

* 87.40 Japanese yen, from 87.64 yen

* 66.31 euro cents, from 66.18 euro cents

(*Currency closes taken at 1700 AEDT previous local session)

 

[Source:-news.com.au]

By Adam