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Euro Advances Against NZ And Canadian Dollars

07:10, 3rd August 2012

(RTTNews) - The euro advanced against its Canadian and NZ counterparts in Europe on Friday amid rumors that Spain is seeking aid from EFSF, Europe's bailout fund.

The euro that touched a new record low of 1.4973 against the NZ dollar around 1:00 am ET is now worth 1.5074. The next near term upside target level for the euro is seen at 1.51.

Against the Canadian dollar, the euro reversed with the pair trading at 1.2316. On the upside, the euro may target 1.235 level.

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