U.S. Dollar Drops Against Majors
25 November 2015 - 08:47AM
RTTF2
The U.S. dollar weakened against the other major currencies in
the Asian session on Wednesday.
The U.S. dollar fell to nearly a 5-week low of 0.7275 against
the Australian dollar, a 9-day low of 122.27 against the yen and a
5-day low of 1.0676 against the euro, from yesterday's closing
quotes of 0.7253, 122.52 and 1.0642, respectively.
Against the pound and the Swiss franc, the greenback dropped to
1.5107 and 1.0153 from yesterday's closing quotes of 1.5076 and
1.0164, respectively.
Against the New Zealand and the Canadian dollars, the greenback
slipped to 5-day lows of 0.6579 and 1.3284 from yesterday's closing
quotes of 0.6554 and 1.3302, respectively.
If the greenback extends its downtrend, it is likely to find
support around 0.73 against the aussie, 121.00 against the yen,
1.08 against the euro, 1.53 against the pound, 1.00 against the
franc, 0.67 against the kiwi and 1.31 against the loonie.
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