FXstreet.com (Córdoba) – The Euro fell against the Dollar on Friday, extending the decline. The pair posted a new 8-month low at 1.3528, but then managed to rise and hold above 1.3600.
EUR/USD extended to five, the number of weeks in a row with losses against Greenback. Since the beginning of 2010 has fallen more than 800 pips.
The Euro is still under pressure across the board as fiscal problems continue to weight in Europe. Against the Australian Dollar, the Euro fell to the lowest level since it was created and traded at 2-year lows against the Canadian Dollar.
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