Euro rises to its highest level in 6 weeks against the yen

By @ibtimes on

The European currency fell to its lowest level in six weeks against the yen; before Greece sells government bonds, which reduces the demand for the euro, on the other hand dollar continue to rise against major currencies due to investors to the risk aversion.

The euro started today's session with a decrease against the dollar, as the pair trades around 1.4311 after recording the highest at 1.4368 and the lowest at 1.4269. The pair faces a support at 1.4260. The daily momentum indicators show the pair is in an oversold area.

The pound traded lower against the greenback, trading around 1.6364 after recording the highest at 1.6415 and the lowest at 1.6359. The pair faces a support at 1.6340. The daily momentum indicators show the pair is in an oversold area.

The dollar/yen pair increased during the Asian session, as the pair trades around the 80.56 level, recording the highest at 80.61 and the lowest at 80.15. The daily momentum indicators show the pair is in an oversold area.

Join the Discussion