News Column

Dollar Off Lows Against Majors

June 16, 2014



BRUSSELS (Alliance News) - The US dollar came off from early lows against its major rivals in European morning deals on Monday.

The greenback hit a 4-day high of 1.3512 against the euro and an 11-day high of 0.9012 against the franc, off early lows of 0.8986 and 1.3551,respectively.

The dollar recovered to 101.94 against the yen and 1.6971 against the pound, from its prior low of 101.71 and a multi-year low of 1.7010, respectively.

The greenback may find resistance around 0.91 against the franc, 1.34 against the euro, 1.68 against the pound and 102.5 against the yen.



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Source: Alliance News


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