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Tuesday, October 2, 2007
Euro Weakens Against Dollar
(RTTNews) - After moving slightly higher against the US dollar, the European currency lost ground by about 8:55 pm ET, in the early Asian deals on Tuesday. Falling from 1.4243, the pair hit a low of 1.4202 by about 2:15 am ET. Downside, 1.4191 is seen as the next target level for the pair. Investors now await Euro-Zone PPI and the unemployment rate data for August, which are expected shortly. The US Pending Home sales data for the month of August is also expected later in the morning.
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