Euro dives in Asia, quoted at lowest since 2006
[SYDNEY] The euro fell sharply in Asia on Monday after a wave of stop-loss sell orders were tripped on the break of major chart levels, seeing the single currency quoted at lows last seen in early 2006.
The euro was quoted as low as US$1.18605 on trading platform EBS and at US$1.1883 on Reuters. A thin market greatly exaggerated the move, said dealers.
The euro was last quoted around US$1.1927, compared to a trough of US$1.2002 on Friday.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Japan frets over relentless yen slide as BOJ keeps ultra-low rates
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea
Bank of Japan keeps rates steady, projects inflation staying near 2% in coming years
Weak yen pressures Bank of Japan’s interest rate decision