U.S. Dollar Weakens Against Majors
May 16 2018 - 12:35AM
RTTF2
The U.S. dollar slipped against its major counterparts in early
European deals on Wednesday.
The greenback dropped to 110.08 against the yen, 0.9984 against
the franc and 1.3521 against the pound, off its early highs of
110.39, 1.0017 and 1.3485, respectively.
The greenback edged down to 0.7494 against the aussie, 1.1854
against the euro and 0.6891 against the kiwi, reversing from its
early weekly high of 0.7447, 5-month highs of 1.1816 and 0.6851,
respectively.
The greenback reversed from an early high of 1.2877 against the
loonie, falling to 1.2840.
The greenback is likely to find support around 108.00 against
the yen, 0.98 against the franc, 1.38 against the pound, 1.21
against the euro, 1.26 against the loonie, 0.71 against the kiwi
and 0.77 against the aussie.
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