U.S. Dollar Falls Against Majors

The U.S. dollar weakened against the other major currencies in the Asian session on Tuesday.

The U.S. dollar fell to nearly a 2-week low of 0.7332 against the euro, from yesterday's closing value of 0.7268.

Against the euro, the pound and the Australian dollar, the greenback dropped to 4-day lows of 1.1342, 1.3164 and 0.7649 from yesterday's closing quotes of 1.1319, 1.3135 and 0.7616, respectively.

The greenback edged down to 100.06 against the yen, from an early high of 100.39. This may be compared to an early 4-day low of 100.03.

Against the Swiss franc and the Canadian dollars, the greenback slipped to 0.9609 and 1.2912 from yesterday's closing quotes of 0.9623 and 1.2945, respectively.

If the greenback extends its downtrend, it is likely to find support around 0.74 against the kiwi, 1.14 against the euro, 1.36 against the pound, 0.78 against the aussie, 98.00 against the yen, 0.95 against the franc and 1.26 against the loonie.