Tue, 19 Oct 2010 21:57:00 +0200

Forex: Euro falls across the board

FXstreet.com (Córdoba) – The Euro weakened across the board since the beginning of the American session and extended its decline against the Dollar and the Pound and also trimmed gains versus commodity currencies, with the exception of the Aussie that among the most traded, is the worst performer so far.

EUR/USD is approaching to 1.3700 and recently reached a fresh 2-week low at 1.3711. Currently trades at 1.3720/25, 1.54% below today’s opening price.

Against the Swiss Franc, the Euro failed to hold above 1.3400 and plummeted. EUR/CHF broke below 1.3345 during the American session and fell to 1.3308, new daily low.

EUR/GBP retreated further from levels above 0.8800 and tumbled, finding support at the 0.8740 zone.

Against currencies tied to commodities the Euro erased previous gains and is now trading at daily low versus the Lonnie and the Kiwi.