Euro Off Highs Versus Majors
November 25 2015 - 12:00AM
RTTF2
Reversing direction, the euro declined against its major rivals
in early European deals on Wednesday.
The single currency fell to a 5-day low of 1.6188 against the
kiwi, more than 5-month low of 1.4122 against the loonie and near
5-month low of 1.4617 against the aussie, reversing from its prior
highs of 1.6261, 1.4209 and 1.4698, respectively.
The European currency declined to a 2-day low of 1.0606 against
greenback and a 7-month low of 130.04 against the yen, coming off
from its early 5-day high of 1.0689 and a 2-day high of 130.76,
respectively.
The euro pared gains to 0.7033 against the pound and 1.0825
against the franc, from its prior highs of 0.7080 and 1.0847,
respectively.
The euro may locate support around 1.05 against the greenback,
129.00 against the yen, 0.68 against the pound, 1.06 against the
franc, 1.44 against the aussie, 1.60 against the kiwi and 1.40
against the loonie.
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