(RTTNews) - The euro traded lower against most major counterparts on Friday after the speech of Federal Reserve Chairman Ben Bernanke at the Fed's annual retreat.
The Federal Reserve will consider further support for the sluggish U.S. economy at its two-day meeting in September, but has not committed to a third round of quantitative easing, the nation's top central banker said in a highly anticipated speech in Jackson Hole, Wyoming.
The euro is now trading at 1.4386 against the greenback, a 3-day low of 110.13 against the yen, 8-day lows of 1.3693 against the aussie and 1.7228 against the NZ dollar. Against the pound and the loonie, the euro is now worth 0.8851 and 1.4233, compared to an early fresh 2-week high of 0.8868 and a 3-day high of 1.4308, respectively.
