The Australian dollar has fallen to the lowest level this year

Photo: George Rose/ Getty Images.

The Australian dollar is under pressure in Asia, falling to the lowest level since December 27 in recent trade.

AUD/USD 4-Hour Chart

After reversing earlier gains overnight following another late selloff on Wall Street, the AUD/USD has continued to slide today, falling below the recent cyclical low of .7756 struck in early February.

Asian stocks, with the exception of Chinese equities, are all under pressure, contributing to Aussie’s move lower.

A slightly disappointing Australian capital expenditure report for the December quarter of last year has also been a factor, helping to explain why the Aussie has fallen against all of the major crosses.

Here’s the scoreboard as at 1pm AEDT.

AUD/USD 0.7725 , -0.0036 , -0.46%
AUD/JPY 82.35 , -0.44 , -0.53%
AUD/CNH 4.8941 , -0.0187 , -0.38%
AUD/EUR 0.6337 , -0.0027 , -0.42%
AUD/GBP 0.5617 , -0.0022 , -0.39%
AUD/NZD 1.0737 , -0.0021 , -0.20%

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