Dollar Trades At 4-week Low Against Franc And Euro
July 27 2012 - 9:45AM
RTTF2
The U.S. dollar has been falling against the franc and the euro
in early New York deals on Friday following reports that German
Chancellor Merkel and French Prime Minister Hollande agreed to do
necessary measures to keep Eurozone intact.
The greenback touched 4-week lows of 0.9732 against the franc
and 1.2345 against the euro, compared to yesterday's close of
0.9781 and 1.2283, respectively. The next downside target level for
the greenback is seen at 0.97 against the franc and 1.237 against
the euro.
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