Euro Recovers Against Majors
December 08 2016 - 9:50PM
RTTF2
The euro recovered from early lows against the other major
currencies in the pre-European session on Friday.
The euro rose to 1.0629 against the U.S. dollar and 1.0796
against the Swiss franc, from early 4-day lows of 1.0589 and
1.0777, respectively.
Against the pound, the euro advanced to 0.8457 from an early
3-day low of 0.8416.
The euro climbed to 121.61 against the yen, from an early low of
120.98.
Against the New Zealand and the Canadian dollars, the euro edged
up to 1.4809 and 1.4023 from an early 7-month low of 1.4765 and
nearly a 1-1/2-year low of 1.3987, respectively.
If the euro extends its uptrend, it is likely to find resistance
around 1.10 against the greenback, 1.09 against the franc, 0.88
against the pound, 123.00 against the yen, 1.51 against the kiwi
and 1.45 against the loonie.
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