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Forex News: U.S. Dollar Slides Against Majors

U.S. Dollar Slides Against Majors

09/08/2017 - 01:13:00 (RTTNews)

(RTTNews) - The U.S. dollar weakened against other major currencies in the Asian session on Friday.

The U.S. dollar fell to more than a 2-1/2-year low of 1.2089 against the euro and a 5-week low of 1.3139 against the pound, from yesterday's closing quotes of 1.2023 and 1.3100, respectively.

Against the yen and the Swiss franc, the franc dropped to a 10-month low of 107.81 against the yen and a 10-day low of 0.9437 from yesterday's closing quotes of 108.43 and 0.9502, respectively.

If the greenback extends its downtrend, it is likely to find downtrend, it is likely to find support around 1.21 against the euro, 1.33 against the pound, 106.00 against the yen and 0.93 against the franc.

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