U.S. Dollar Falls Against Majors



The U.S. dollar weakened against the other major currencies in the Asian session on Tuesday. The U.S. dollar fell to a 5-day low of 122.67 against the yen and a 4-day low of 1.0169 against the Swiss franc, from yesterday's closing quotes of 122.84 and 1.0179, respectively. Against the euro and the pound, the greenback dropped to 1.0645 and 1.5139 from yesterday's closing quotes of 1.0635 and 1.5122, respectively. The greenback edged down to 1.3341 against the Canadian dollar, from yesterday's closing value of 1.3364. If the greenback extends its downtrend, it is likely to find support around 121.00 against the yen, 1.00 against the franc, 1.08 against the euro, 1.53 against the pound and 1.31 against the loonie.

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