U.S. Dollar Extends Slide Against European Majors

November 27, 2013

Frankfurt (Nov 27)   The U.S. dollar continued its downtrend against European major counterparts in European deals on Wednesday.

The greenback fell to nearly 4-week lows of 1.3612 against the euro and 0.9040 against the franc around 4:45 am ET.

The greenback hit 1.6285 against the pound, a level unseen since 2013.

Further bearish trend could lead the greenback to face support around 1.64 against the pound, 0.89 against the franc and 1.37 against the euro.

Silver Phoenix Twitter                 Silver Phoenix on Facebook