RTTN: Dollar Resumes Downtrend Against European Majors
(RTTNews) - After moving broadly sideways in mid-European deals, the US dollar resumed its Asian session downtrend against the major currencies of Europe on Tuesday morning in New York.
The greenback is presently trading at 4-day lows of 0.9556 against the Swiss franc and 1.2571 against the euro with 0.9540 and 1.26, respectively seen as its next likely downside target levels.
Against the pound, the dollar is presently trading at the day's low of 1.5812, down from a 1-week high of 1.5757 hit in the Asian session. The next likely support for the greenback is seen around the 1.5820/30 area.
