(RTTNews) - The euro that advanced against most major currencies in the Asian session reversed direction in early deals on Wednesday.
The euro is presently trading at 1.3380 against the dollar and 104.02 against the yen, down from Asian session's 2-day highs of 1.3455 and 104.55, respectively.
The single currency that climbed to a 5-day high of 0.8615 against the pound around 3:35 am ET slipped back to below 0.8580 around 5:45 am ET.
The euro also weakened against the resource-linked currencies, falling to a fresh 2-1/2 month low of 1.3526 against the Canadian dollar and a 2-day low of 1.3045 against the Australian dollar around 5:40 am ET.
The euro also reached as low as 1.7175 against the New Zealand dollar before holding steady around 5:40 am ET.
Looking ahead, the Federal Ministry of Economy and Technology is scheduled to issue German industrial output figures at 6.00 am ET. Economists forecast industrial production to rise 0.3 percent month-on-month, following a 2.7 percent drop in September.
