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Forex pairs in this Article » EUR/AUD, EUR/CAD, EUR/GBP, EUR/USD (Córdoba) - The Euro remains trading near daily lows in the market, consolidating losses. The EU summit failed to increase confidence in the currency that also suffered from the warning from two more credit rating agencies about the possibility of downgrades in the region in the coming months.

The EUR/USD recently reached a fresh 2-month low at 1.3162 and currently is hovering below 1.3200, almost 200 pips below today's opening price.

Against the Pound, the Euro is headed toward the worst daily decline in a month as the EUR/GBP remains near the lows, trading around 0.8460, headed toward the first daily close under 0.8500 since early March.

Against the Loonie and the Aussie the Euro is also losing ground on Monday. EUR/AUD failed to hold above 1.3100 while the EUR/CAD plummeted from 1.3630 to 1.3515.
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