U.S. Dollar Weakens Against Majors
04 February 2016 - 4:00PM
RTTF2
The U.S. dollar lost ground against its major opponents in early
European trading on Thursday.
The greenback fell to a 2-1/2-month low of 1.1167 against the
euro, near 2-month low of 1.3711 against the loonie and near new
4-week lows of 0.6705 against the kiwi and 1.4663 against the
pound, from its early highs of 1.1070, 1.3797, 1.6641 and 1.4563,
respectively.
The greenback slid to a 1-month low of 0.7218 against the
aussie, off its previous high of 0.7154.
The greenback edged down to 117.34 against the yen and 1.0017
against the franc, pulling away from its prior highs of 118.24 and
1.0074, respectively.
If the greenback extends slide, it may find support around 0.99
against the franc, 116.00 against the yen, 1.13 against the euro,
1.48 against the pound, 0.73 against the aussie, 0.675 against the
kiwi and 1.36 against the loonie.
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