Euro Weakens Against Major Currencies, Reaching Near 3-Week Low Against USD

The euro experienced a decline against major currencies during the European session on Tuesday. Against the U.S. dollar, the euro fell to a near three-week low of 1.0777, a decrease from its earlier high of 1.0809. Similarly, the euro weakened against the yen, dropping to 162.32 from a six-day high of 163.03. The euro also saw slight declines against the Swiss franc and the pound, reaching 0.9528 and 0.8351, respectively, from previous highs of 0.9549 and 0.8364. Should the euro continue its downward trend, it may find support around 1.04 against the U.S. dollar, 156.00 against the yen, 0.94 against the Swiss franc, and 0.81 against the pound.