The U.S. dollar continued its downtrend against European major counterparts in European deals on Wednesday.
The greenback fell to nearly 4-week lows of 1.3612 against the euro and 0.9040 against the franc around 4:45 am ET.
The greenback hit 1.6285 against the pound, a level unseen since 2013.
Further bearish trend could lead the greenback to face support around 1.64 against the pound, 0.89 against the franc and 1.37 against the euro.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.