Market Commentary and Intraday News

Euro Extends Weakness Against Majors

301 days ago

(RTTNews) - During New York mid-day deals on Tuesday, the European common currency extended its previous session's downtrend against major currencies. The euro is currently trading near more than a 2-year low of 1.2057 against the US dollar, which may be compared to Monday's closing value of 1.2117.

Against the Japanese yen, the euro traded further lower and as of now trading at a fresh multi-year low of 94.22 from yesterday's close of 95.01.

The European single currency also edged down further against its British counterpart in North American mid-day session today. At present, the euro is trading at 0.7771 versus the pound, compared to yesterday's close of 0.7816.

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