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Euro Drops To 2-day Low Against US Dollar

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The European common currency drifted weaker against the US dollar on Thursday as Germany's fourth quarter GDP disappointed the market, with the pair falling to a 2-day low of 1.3397 around 2:15 am ET.

The euro-greenback pair is moving well-below its 50.0 percent retracement target, with 1.3365 seen as the next likely support level in the near-term.

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