Forex news: dollar falls against major counterparts



image The US dollar slid to a 7-month low against the Japanese yen and 1-month low versus the British pound during early Asian deals on Friday. Besides, it also plunged against euro and Swiss franc.

Against the European currency, the US dollar edged down during early Asian deals on Friday. At 10:45 pm ET, the dollar touched a low of 1.4614 versus the euro, compared to 1.4583 hit late New York Thursday. The next downside target level for the dollar is seen around 1.457.

The US currency that closed Thursday’s North American session at 1.6653 against the British pound declined to a 1-month low of 1.6709 during today’s early Asian deals. If the US dollar falls further, 1.690 is seen as the next target level.

Against the Swiss franc, the greenback traded down during Friday’s early Asian trading. At 10:45 pm ET, the dollar-franc pair slipped to 1.0364, compared to Thursday’s closing value of 1.0387. The pair is currently trading at 1.0369 with 1.032 seen as the next target level.

The US dollar plunged to 91.36 against the Japanese yen during early Asian deals on Friday. This set the lowest point for the dollar since February 13, 2009. On the downside, 90.2 is seen as the next target level for the U.S. currency. The dollar-yen pair closed Thursday’s New York deals at 91.75.

ECJ




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