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U.S. Dollar Drops Against Majors

02:58, 24th April 2015

(RTTNews) - The U.S. dollar weakened against the other major currencies ahead of European session on Friday.

The U.S. dollar fell to more than a 5-week low of 1.5079 against the euro and a 2-week low of 1.0873 against the euro, from early highs of 1.5026 and 1.0784, respectively.

Pulling away from an early high of 119.65 against the yen, the greenback depreciated to a 3-day low of 119.21.

The greenback slipped to 2-day lows of 0.9523 against the Swiss franc and 0.7800 against the Australian dollar, from early highs of 0.9573 and 0.7763, respectively.

Against the New Zealand and the Canadian dollars, the greenback edged down to 0.7586 and 1.2129 from early highs of 0.7542 and 1.2159, respectively.

If the greenback extends its downtrend, it is likely to find support around 1.53 against the pound, 1.15 against the euro, 118.00 against the yen, 0.93 against the franc, 0.79 against the aussie, 0.78 against the kiwi and 1.19 against the loonie.

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