U.S. Dollar Falls Against Majors
January 16 2017 - 8:47PM
RTTF2
The U.S. dollar weakened against the other major currencies in
the late Asian session on Tuesday.
The U.S. dollar fell to more than a 1-month low of 113.35
against the yen, from yesterday's closing value of 114.18.
Against the euro, the pound and the Swiss franc, the greenback
dropped to 4-day lows of 1.0665, 1.2135 and 1.0063 from yesterday's
closing quotes of 1.0595, 1.2044 and 1.0108, respectively.
Against the Australian, the New Zealand and the Canadian
dollars, the greenback slipped to a 2-month low of 0.7536, more
than a 1-month low of 0.7161 and a 5-day low of 1.3106 from
yesterday's closing quotes of 0.7476, 0.7102 and 1.3173,
respectively.
If the greenback extends its downtrend, it is likely to find
support around 110.00 against the yen, 1.08 against the euro, 1.25
against the pound, 0.99 against the franc, 0.77 against the aussie,
0.73 against the kiwi and 1.29 against the loonie.
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