U.S. Dollar Drops Further Against Majors
May 02 2016 - 11:11PM
RTTF2
The U.S. dollar declined further against the other major
currencies in early European trading on Tuesday.
The greenback fell to a 3-week low of 0.9512 against the franc
and a 4-month low of 1.4740 against the pound, from its early highs
of 0.9554 and 1.4660, respectively.
The greenback slipped to more than an 8-month low of 1.1571
against the euro, 1-1/2-year low of 105.72 against the yen and
against the more than a 10-month low of 1.2475 against the loonie,
off its previous highs of 1.1521, 106.46 and 1.2538,
respectively.
The greenback may find support around 0.94 against the franc,
1.17 against the euro, 1.49 against the pound, 104.00 against the
yen and 1.22 against the loonie.
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