RTTN:Euro Drops To 1-week Low Against Australian And NZ Dollars
(RTTNews) - The euro weakened against the resource-linked currencies on Wednesday after a report showed that the European Central Bank dolled out a record EUR 529.53 billion in the second round of three-year loans for banks.
The euro is presently trading at 1-week lows of 1.2403 against the Australian dollar and 1.5901 against the New Zealand dollar with 1.23 and 1.5850, respectively seen as its next likely support levels.
Against the Canadian dollar, the common currency reached a 6-day low of 1.3303 around 5:40 am ET. The next downside target for the euro-loonie pair is seen around the 1.3240 level.
