US Dollar Falls Against European Majors
Brussells (Nov 23) The US dollar slipped against European major currencies in late Asian deals on Friday. The greenback dropped to 1.6205 against the pound for the first time since October 28.
The greenback reached a 2-day low of 1.3490 against the euro, down from Thursday's closing quote of 1.3470.
The greenback fell back against the franc, trading at 0.9130 around 2:05 am ET and was closer to 2-day low of 0.9126 hit at the beginning of early Asian deals.
The greenback may eye support around 1.63 against the pound, 1.36 against the euro and 0.90 against the franc.
Traditionally when the dollar delines, the price of gold and silver increases.