CANBERA (dpa-AFX) - The U.S. dollar weakened against other major currencies in the European session on Wednesday.
The U.S. dollar fell to a 1-week low of 1.1599 against the euro, a 5-day low of 1.3293 against the pound and an 8-day low of 158.28 against the yen, from early highs of 1.1555, 1.3220 and 159.01, respectively.
Against the Swiss franc and the Australian dollar, the greenback dropped to 6-day lows of 0.7928 and 0.6953 from early highs of 0.7985 and 0.6899, respectively.
Against the New Zealand and the Canadian dollars, the greenback slipped to 2-day lows of 0.5773 and 1.3886 from early highs of 0.5731 and 1.3912, respectively.
If the greenback extends its downtrend, it is likely to find support around 1.17 against the euro, 1.34 against the pound, 161.00 against the yen, 0.78 against the franc, 0.70 against the aussie, 0.58 against the kiwi and 1.36 against the loonie.
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