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Forex News: Euro Weakens Against Majors

Euro Weakens Against Majors

04/26/2017 - 07:13:00 (RTTNews)

(RTTNews) - The euro slipped against its major opponents in the European session on Wednesday.

The euro dropped to 1.0882 against the greenback, 120.95 versus the yen and 0.8483 against the pound, from its early 5-1/2-month high of 1.0951, multi-week high of 121.98 and a new 2-week high of 0.8531, respectively.

The single currency eased to 1.4762 against the loonie, 1.5762 against the kiwi and 1.4520 against the aussie, from its previous high of 1.4855, near 1-year high of 1.5841 and near a 4-month high of 1.4583, respectively.

Reversing from an early high of 1.0869 against the franc, the euro edged down to 1.0829.

The next possible support for the euro is seen around 1.07 against the greenback, 118.00 against the yen, 0.82 against the pound, 1.06 against the franc, 1.46 against the loonie, 1.54 against the kiwi and 1.42 against the aussie.

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