(RTTNews) - During European tradingon Friday, the U.S. dollar plunged against other major opponents. The greenback dropped to a 2-day low against the euro, more than a 2-year low versus the Swiss franc and a 9-day low versus the yen.
The dollar that closed yesterday's New York session at 1.3316 against the euro, plunged to a 2-day low of 1.3435 at about 6:00 am ET today.
The euro surged up today as a report showed that the German business confidence improved unexpectedly in September
The Munich-based Ifo Institute's gauge of German business sentiment rose to 106.8 in September from 106.7 in August, news reports said. Economists were expecting it to fall to 106.4.
After hitting a high of 1.5644 against the pound by about 2:45 am ET, the greenback fell and is presently trading near 1.5705. At yesterday's close, the pound-dollar pair was quoted at 1.5687.
The greenback plummeted to more than a 2-year low of 0.9805 versus the Swiss franc as of 6:00 am ET from previous session's high of 0.9884. The dollar-franc pair was worth 0.9857 at Thursday's close.
Against its Japanese counterpart, the US currency also fell to a 9-day low of 84.22 at about 6:00 am ET, after edging up to a 3-day high of 85.40 in early Asian session.
In early Asian session, the yen plunged against major rivals as Kyodo News cited an unidentified market source as saying that Japan sold its currency for the second time this month to curb the yen's rise.
But Japanese authorities have not yet confirmed the intervention news.
Investors are now likely to focus on the U.S. durable goods orders and new home sales data - both for August, which are slated for release in the upcoming New York session.
