The euro languished at multi-month lows against many of its peers early on Wednesday, having moved decisively lower overnight along with an eye-catching fall in the Swiss franc.
Traders said there was no specific trigger although the weaker euro dovetailed nicely with expectations for the European Central Bank to ease policy further. Some traders noted a big buy order in USD/CHF from a real money fund had helped push the dollar up on the euro, cracking a big barrier in the $1.3475-$1.3510 zone.
The common currency plumbed eight-month lows against the greenback and the Australian dollar at $1.3459 and A$1.4304. On the yen, it slid to its lowest in over five months at 136.58, bringing its 2014 trough of 136.25 yen back in view.
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.