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Forex: EUR/USD falls further to 1.3430

By FXstreet.com,  April 20, 2010, 11:54:00 AM EDT

FXstreet.com (Córdoba) - The Dollar is extending its gains against the Euro. EUR/USD fell further to 1.3430, hitting a fresh daily low. The pair is approaching to yesterday lows that lie at 1.3415.

The Euro weakened earlier after being unable to hold above 1.3500 for the second day in a row and now has fallen more than 80 pips from daily highs.
Current price at 1.3438/42, is 0.35% below today's opening price.

"Speculation that Greece may require additional rescue aid to finance its economy could weigh on the Euro the rest of this week", James Hyerczyk, Commodity Trading Advisor from ForexHound.com said. "Additional factors that could hurt the Euro's performance are ongoing travel disruptions in Europe because of the volcanic eruption and the widening Greek government/German Bund spreads".




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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