After an uptrend in Asian deals, the Australian dollar declined against most major currencies during European and New York trading on Tuesday. The Aussie dropped to 0.6965 against the US dollar by about 9:15 am ET from earlier multi-month high of 0.7096. Against the yen, the Aussie ticked down to 68.38 at about 11:00 am ET from multi-month high of 69.65. The also traded lower against its NZ counterpart and touched a low of 1.2281 as of 11:55 am ET, compared to yesterday's close of 1.2344.

Currently, the Australian dollar is trading near 1.2366 against the kiwi, 69.01 versus the yen and 0.7039 against the greenback.

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