U.S. Dollar Extends Slide Against European Majors

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.