Market Commentary and Intraday News

Dollar Declines Against European Majors

257 days ago

(RTTNews) - The U.S. dollar fell against its European major rivals on Tuesday's morning deals in Asia.

The greenback that closed Monday's trading at 1.2594 against the euro reached 1.2622, its lowest level since August 31. If the greenback slides further, it may target 1.27 level.

The greenback slipped to a 4-day low of 0.9519 versus the franc with 0.95 seen as the next support level. At yesterday's close, the greenback-franc pair was worth 0.9539.

The dollar edged down to 1.5900 against the pound from an early high of 1.5878. On the downside, the greenback may break 1.595 level.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2012 RTTNews.com. All Rights Reserved

View all of today's news »