U.S. Dollar Slides Against Majors
February 26 2024 - 11:16PM
RTTF2
The U.S. dollar weakened against other major currencies in the
European session on Tuesday.
The U.S. dollar fell to 5-day lows of 1.0866 against the euro
and 150.12 against the yen, from early highs of 1.0846 and 150.61,
respectively.
Against the Swiss franc and the Canadian dollar, the greenback
slipped to 4-day lows 0.8784 and 1.3489 from early highs of 0.8808
and 1.3514, respectively.
The greenback dropped to 1.2697 against the pound, from an early
high of 1.2674.
Moving away from early 1-week highs of 0.6525 against the
Australian dollar and 0.6151 against the NZ dollar, the greenback
edged down to 0.6558 and 0.6176, respectively.
If the greenback extends its downtrend, it is likely to find
support around 1.09 against the euro, 148.00 against the yen, 0.85
against the franc, 1.33 against the loonie, 1.28 against the pound,
0.66 against the aussie and 0.63 against the kiwi.
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