Investing.com – The euro was lower against the U.S. dollar for the second day on Tuesday, as risk appetite soured after Japan raised the severity of its nuclear crisis to the same level as the Chernobyl disaster and after a second major aftershock hit the country.
EUR/USD hit 1.4378 during late Asian trade, the pair’s lowest since Friday; the pair subsequently consolidated at 1.4393, shedding 0.29%.
The pair was likely to find support at 1.4290, Friday’s low and resistance at 1.4486, Friday’s high and a 15-month high.
A magnitude-6.2 quake struck Chiba, east of Tokyo earlier in the day as Japan’s government raised the severity level of its nuclear crisis.
An official at Japan's Nuclear and Industrial Safety Agency said that based on cumulative levels of radiation released, the severity of the incident had been raised to seven, the worst on an internationally recognized scale.
It had previously been put at a five rating, on a par with the 1979 Three Mile Island incident in the United States.
Meanwhile, the euro was slightly higher against the pound, with EUR/GBP easing up 0.06% to hit 0.8633.
Later in the day, the ZEW Centre for Economic Research is to publish a report on German economic sentiment, while the U.S. is to release government data on its trade balance and the federal budget balance.
EUR/USD hit 1.4378 during late Asian trade, the pair’s lowest since Friday; the pair subsequently consolidated at 1.4393, shedding 0.29%.
The pair was likely to find support at 1.4290, Friday’s low and resistance at 1.4486, Friday’s high and a 15-month high.
A magnitude-6.2 quake struck Chiba, east of Tokyo earlier in the day as Japan’s government raised the severity level of its nuclear crisis.
An official at Japan's Nuclear and Industrial Safety Agency said that based on cumulative levels of radiation released, the severity of the incident had been raised to seven, the worst on an internationally recognized scale.
It had previously been put at a five rating, on a par with the 1979 Three Mile Island incident in the United States.
Meanwhile, the euro was slightly higher against the pound, with EUR/GBP easing up 0.06% to hit 0.8633.
Later in the day, the ZEW Centre for Economic Research is to publish a report on German economic sentiment, while the U.S. is to release government data on its trade balance and the federal budget balance.