Euro Drops Against Majors
May 05 2016 - 1:22AM
RTTF2
The euro weakened against the other major currencies in the
early European session on Thursday.
The euro fell to 6-day lows of 1.1438 against the U.S. dollar
and 0.7883 against the pound, from early highs of 1.1494 and
0.7925, respectively.
Against the Australian dollar, the euro dropped to a 2-day low
of 1.5276 from an early high of 1.5409.
The euro edged down to 122.69 against the yen, 1.6598 against
the NZ dollar and 1.4662 against the Canadian dollar from early
highs of 123.13, 1.6713 and 1.4785, respectively.
Against the Swiss franc, the euro slipped to 1.0995 from an
early 2-day high of 1.1009.
If the euro extends its downtrend, it is likely to find support
around 1.11 against the greenback, 0.77 against the pound, 1.49
against the aussie, 121.00 against the yen, 1.63 against the kiwi,
1.43 against the loonie and 1.08 against the franc.
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