Euro Extends Losses, Slumps by 0.2% to $1.0382

The Euro, on Tuesday, December 20 crashed by 0.2 percent to $1.0382, extending its 0.5 percent fall on Monday.The European single currency edged near its December 15 low of $1.03665, its weakest level since January 2003.

Meanwhile, the British Pound Sterling had in Monday trade dipped to $1.2355 on Monday, its lowest in about a month and last stood at $1.2383.

The U.S. dollar stood firm against many other currencies, with its index rising back to 103.36 from Monday’s low of 102.52, coming within sight of its 14-year peak of 103.56 touched on Thursday.

The Australian dollar fell to 6-1/2-month lows of $0.7240, turning negative for the year. The safe-haven Swiss franc hit a six-month high of 1.0680 per euro on Monday and last stood at 1.0684.

The Turkish lira dipped slightly to 3.5325 to the dollar, but it held above its record low of 3.6000 set earlier this month, ahead of its central bank policy announcement later in the day.

 

 

 

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