Aussie Drops To 1-Week Low Against Euro

(RTTNews) - After moving briefly sideways, the Australian dollar lost ground versus the Euro during the early Asian session on Tuesday. The pair touched 1.6756 by about 9:35 pm ET Monday and this was the 1-week low for the Aussie. The Aussie then gained slightly and the pair has been trading at 1.667 as of now. The near term resistance level for the Aussie is seen around 1.662. Deals in the session were likely influenced by the Australian preliminary BoP imports for August. German ZEW survey data for September is expected during the upcoming European session.