Monday, August 25, 2008

Euro declines to new multi-month low versus Canadian dollar

 

The European common currency fell to a fresh multi-month low of 1.5433 against its Canadian counterpart on Monday morning in New York. This may be compared to last Friday's North American session closing value of 1.5486. If the pair drifts further lower, the near term support level is seen around 1.5316. Currently, the euro-loonie pair is quoted at 1.5439.

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