Tuesday, August 26, 2008

Euro Slumps To Fresh Multi-month Low Against Dollar

The Euro trended lower against the dollar during early deals on Tuesday and hit a new multi-month low of 1.4598 at 4:05 am ET. If the euro-dollar pair weakens further, it may test support around the 1.444 level. The pair closed Monday's trading at 1.4755.

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