Now, the euro weakened against the yen and the dollar
On Wednesday, the weak euro fell to multi-month lows against the dollar and the yen, since the difference between the monetary policy of the European Central Bank and other central banks put pressure on the single currency.
For example, the EUR / USD was trading at 1.3464, the low of November 21st. The pair was likely to find support at 1.3400 and resistance at 1.3500.
Euro is under
pressure after the June 5 bets
ECB dropped to its lowest level,
as the bank tries to prevent
the threat of deflation in the euro zone. The reason -
comments of the ECB president Mario Draghi
It was seen as another sign
that the bank does not rule out further action
easing monetary policy,
to help strengthen the faltering
recovery in the region. And at the same time
head of the Federal Reserve System
Janet Yellen said last week,
that interest rates may rise
earlier if the market recovery
work will continue.
The euro also fell to
five-month low against the yen,
pair EUR / JPY dropped to 0.05% to 136.54.
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