Euro Rises Against Majors
May 23 2024 - 1:38AM
RTTF2
The euro strengthened against other major currencies in the
European session on Thursday.
The euro rose to more than a 1-year high of 0.9918 against the
Swiss franc, from an early low of 0.9892.
Moving away from an early 2-day low of 169.29 against the yen,
the euro advanced to nearly a 4-week high of 170.00.
Against the pound and the U.S. dollar, the euro edged up to
0.8529 and 1.0845 from early more than a 3-month low of 0.8499 and
an 8-day low of 1.0812, respectively.
Against the Australia and the Canadian dollars, the euro edged
up to 1.6366 and 1.4832 from early lows of 1.6326 and 1.4792,
respectively.
If the euro extends its uptrend, it is likely to find resistance
around 1.00 against the franc, 172.00 against the yen, 0.86 against
the pound, 1.09 against the greenback, 1.65 aussie and 1.49 against
the loonie.
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