Thursday, July 9, 2015

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against most major currencies in the late Asian session on Thursday. The U.S. dollar fell to 8-day lows of 1.1124 against the euro and 0.6753 against the NZ dollar, from early highs of 1.1062 and 0.6698, respectively. 

Pulling away from an early more than 4-week high of 1.5355 against the pound, the greenback dropped to 1.5413. 

The greenback edged down to 0.9428 against the Swiss franc, from an early high of 0.9459. 

Against the Australia and the Canadian dollars, the greenback slipped to 2-day lows of 0.7489 and 1.2692 from early highs of 0.7391 and 1.2745, respectively. 

If the greenback extends its downtrend, it is likely to find support around 1.13 against the euro, 0.70 against the kiwi, 1.57 against the pound, 0.93 against the franc, 0.77 against the aussie and 1.24 against the loonie.

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