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Forex News: Euro Slides Against Majors

Euro Slides Against Majors

10/23/2017 - 03:47:00 (RTTNews)

(RTTNews) - The euro weakened against its key counterparts in early European deals on Monday.

The euro dropped to 5-day lows of 1.1751 against the greenback and 0.8903 versus the pound, off its early highs of 1.1777 and 0.8928, respectively.

The euro fell to 1.1571 against the franc, 133.70 against the Japanese yen and 1.6835 against the kiwi, from its early high of 1.1600, 4-week high of 134.13 and a 1-1/2-year high of 1.6959, respectively.

The single currency retreated to 1.4843 against the loonie, from an early high of 1.4873.

The euro, having advanced to 1.5071 against the aussie at 6:15 pm ET, reversed direction and fell to a 4-day low of 1.5023.

The next possible support for the euro is seen around 132.00 against the yen, 1.14 against the franc, 0.88 against the pound, 1.16 against the greenback, 1.67 against the kiwi, 1.49 against the aussie and 1.47 against the loonie.

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