Investing.com – The euro hit a fresh 1-year low against the U.S. dollar on Wednesday, plunging below the 1.29 mark after a report showed that the U.S. private sector added 32,000 new jobs in April.
EUR/USD tumbled 1.16% to hit 1.2837 during European afternoon trade, the pair's lowest since March 12, 2009. The pair was likely to find support at 1.2456, the low of March 4, 2009, and resistance at 1.3413, the high of April 27.
The report by ADP Employer Services came amid fears that other Greece's debt crisis could spread to other euro zone countries.
Earlier in the day, the French newspaper Le Parisien published an interview with Dominique Strauss-Kahn, in which the IMF chief said everyone had to remain "extremely vigilant" to the risk of heavily indebted countries like Spain and Portugal suffering the same fate as Greece.
The single European currency also slumped against sterling, meanwhile, with EUR/GBP sliding 0.72% to hit 0.8514.
Also Wednesday, the Institute of Supply Management, an industry group, was scheduled to release a closely watched monthly survey of U.S. purchasing managers, excluding the manufacturing sector.
EUR/USD tumbled 1.16% to hit 1.2837 during European afternoon trade, the pair's lowest since March 12, 2009. The pair was likely to find support at 1.2456, the low of March 4, 2009, and resistance at 1.3413, the high of April 27.
The report by ADP Employer Services came amid fears that other Greece's debt crisis could spread to other euro zone countries.
Earlier in the day, the French newspaper Le Parisien published an interview with Dominique Strauss-Kahn, in which the IMF chief said everyone had to remain "extremely vigilant" to the risk of heavily indebted countries like Spain and Portugal suffering the same fate as Greece.
The single European currency also slumped against sterling, meanwhile, with EUR/GBP sliding 0.72% to hit 0.8514.
Also Wednesday, the Institute of Supply Management, an industry group, was scheduled to release a closely watched monthly survey of U.S. purchasing managers, excluding the manufacturing sector.