The euro weakened against the other major currencies in the Asian session on Monday.
The euro fell to a record low of 1.3963 against the NZ dollar, from Friday’s closing value of 1.4057.
Pulling away from an early near a 2-week high of 128.74 against the yen and a 6-day high of 0.7232 against the pound, the euro depreciated to 127.81 and 0.7202, respectively. At Friday’s close, the euro was trading at 128.41 against the yen and 0.7213 against the pound.
Against the U.S., the Australia and the Canadian dollars, the euro edged down to 1.0766, 1.3787 and 1.3139 from last week’s closing quotes of 1.0799, 1.3872 and 1.3218, respectively.
The euro edged down to 1.0275 against the Swiss franc, from an early high of 1.0290.
If the euro extends its downtrend, it is likely to find support around 1.39 against the kiwi, 127.00 against the yen, 0.71 against the pound, 1.01 against the franc, 1.05 against the greenback, 1.36 against the aussie, 1.29 against the loonie.
The material has been provided by InstaForex Company – www.instaforex.com