Euro Weakens Against Some Majors

RTTNews | 92 days ago
Euro Weakens Against Some Majors

(RTTNews) - The euro declined against some of its major counterparts in the New York session on Friday.

The euro retreated to 1.5680 against the loonie, 1.9415 against the kiwi and 1.7978 against the aussie, from an early nearly 5-year high of 1.5933 and 2-day highs of 1.9757 and 1.8448, respectively.

The euro eased to 0.8646 against the pound, from an early 1-1/2-year high of 0.8738.

The euro fell back to 0.9224 against the franc. This may be compared to an early nearly 5-month low of 0.9219.

The currency may find downside target around 1.55 against the loonie, 1.82 against the kiwi, 1.67 against the aussie, 0.84 against the pound and 0.92 against the franc.

read more
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 2 days ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 2 days ago
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 2 days ago