The euro drifted lower against the commodity currencies in European deals on Thursday.

The euro declined to a record low of 1.3998 against the kiwi, compared to Wednesday’s closing value of 1.4063.

The euro fell to near 2-year lows of 1.3720 against the aussie and 1.3098 against the loonie, compared to yesterday’s closing quotes of 1.3903 and 1.3128, respectively.

The euro is likely to challenge support around 1.35 against the aussie and 1.30 against the loonie.

The material has been provided by InstaForex Company – www.instaforex.com