U.S. Dollar Slips Against Leading Currencies

During Monday’s European session, the U.S. dollar lost ground against several key currencies. It dipped to a nearly 1.5‑month low of 1.1437 versus the euro and to a close to 1‑month low of 0.8159 versus the Swiss franc, falling from earlier highs of 1.1353 and 0.8231 respectively.

The greenback also slid to 6‑day lows of 1.3558 against the British pound and 142.79 against the Japanese yen, down from initial peaks of 1.3468 and 143.80.

Moreover, against the Australian, New Zealand, and Canadian dollars, it reached a 6‑day low of 0.6490, a 1‑week low of 0.6028, and nearly an 8‑month low of 1.3674 respectively, compared to earlier highs of 0.6443, 0.5974, and 1.3729.

If this downward trend continues, the dollar might find support around 1.16 against the euro, 0.80 against the Swiss franc, 1.38 against the pound, 140.00 against the yen, 0.66 against the Australian dollar, 0.61 against the New Zealand dollar, and 1.35 against the Canadian dollar.