(RTTNews) - The European currency edged lower against other major currencies as risk-aversion resurfaced in the market ahead of the Wednesday's North American equity market trading.
The euro fell below 109.0 against the yen around 9:00 am ET, the lowest since August 1. The euro-yen pair is presently worth 108.93 with 108.70 seen as the next likely downside target level.
The common currency also reached a low of 1.4245 against the US dollar, 1.0327 against the Swiss franc and 0.8787 against the pound around 9:05 am ET. If the euro weakens further, it may find target levels at 1.42 against the buck, 1.0290 versus the franc and 0.8760 against the pound.
