The euro slipped to $1.4283 at 8:06 a.m. in New York, from $1.4384 yesterday, and traded as low as $1.4263, its weakest level since Jan. 4 and marking its fourth straight day of losses against the US dollar.
Ã¢â‚¬Å“The euro zone is probably going to trail behind the recovery in other major economies,Ã¢â‚¬Â said Toshi Honda, a strategist in London at Mizuho Corporate Bank Ltd. Ã¢â‚¬Å“We are not short of excuses to sell the euro.Ã¢â‚¬Â
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.