U.S. Dollar Falls Against Majors

The U.S. dollar dropped against its major opponents in early European deals on Friday.

The greenback declined to a 4-week low of 0.9758 against the franc and a 10-day low of 112.57 against the yen, from its early highs of 0.9794 and 112.97, respectively.

Reversing from its previous highs of 1.3429 against the pound and 1.1936 against the euro, the greenback dropped to a 3-week low of 1.3508 and more than a 3-month low of 1.1969, respectively.

The greenback slipped to more than 2-month lows of 0.7113 against the kiwi and 1.2536 against the loonie, off its previous highs of 0.7081 and 1.2572, respectively.

Having advanced to 0.7789 against the aussie at 2:50 am ET, the greenback reversed direction and hit a session’s low of 0.7810.

The next possible support for the greenback is seen around 111.00 against the yen, 0.96 against the franc, 1.21 against the euro, 1.36 against the pound, 0.79 against the aussie, 0.73 against the kiwi and 1.24 against the loonie.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: U.S. Dollar Falls Against Majors

Won't your trader friends like this?
InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*