Euro Slides Against Majors
May 27 2016 - 12:09AM
RTTF2
The euro weakened against the other major currencies in the
early European session on Friday.
The euro fell to a 2-day low of 1.5468 against the Australian
dollar, from an early high of 1.5504.
Against the pound and the yen, the euro dropped to 0.7612 and
122.58 from an early 3-day high of 0.7640 and a 2-day high of
123.08, respectively.
Against the U.S. dollar and the Swiss franc, the euro edged down
to 1.1175 and 1.1063 from early highs of 1.1200 and 1.1079,
respectively.
If the euro extends its downtrend, it is likely to find support
around 1.51 against the aussie, 0.74 against the pound, 121.00
against the yen, 1.09 against the greenback and 1.09 against the
Swiss franc.
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