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Forex News: Euro Drops Against Majors

Euro Drops Against Majors

02/27/2025 - 16:23:00 (RTTNews)

(RTTNews) - The euro weakened against its major counterparts in the New York session on Thursday.

The euro fell to a 2-week low of 1.0399 against the greenback and more than a 2-month low of 0.8242 against the pound, off its early highs of 1.0492 and 0.8274, respectively.

The euro declined to more than a 5-month low of 155.66 against the yen and more than a 6-week low of 0.9350 against the franc, from an early 2-day high of 157.22 and a 3-day high of 0.9416, respectively.

The currency is poised to challenge support around 1.02 against the greenback, 0.81 against the pound, 153.00 against the yen and 0.92 against the franc.

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