Euro Falls Against Majors
May 24 2016 - 01:27AM
RTTF2
The euro weakened against the other major currencies in the
early European session on Tuesday.
The euro fell to nearly a 2-month low of 1.1168 against the U.S.
dollar and more than a 2-week low of 122.35 against the yen, from
early highs of 1.1227 and 122.69, respectively.
Against the pound and the Swiss franc, the euro dropped to 5-day
lows of 0.7662 and 1.1086 from early highs of 0.7751 and 1.1113,
respectively.
Against the New Zealand and the Canadian dollars, the euro edged
down to 1.6606 and 1.4716 from an early 8-day high of 1.6712 and
more than a 2-week high of 1.4780, respectively.
If the euro extends its downtrend, it is likely to find support
around 1.09 against the greenback, 121.00 against the yen, 0.74
against the pound, 1.10 against the franc, 1.63 against the kiwi
and 1.42 against the loonie.
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