The euro held firm above the $0.8700 level in initial trading here on Tuesday when one euro bought $0.8777
The single European currency had slipped to $0.8731 in late Asia trading, before rebounding in London.
Analysts here said the currency was likely to come under further pressure over the next few weeks.
But they were uncertain whether further intervention efforts by the European Central Bank and the central banks of the Group of Seven (G7) industrialized nations, which took the market by surprise on Friday, would be enough to prevent the currency from falling to new low values.— (AFP)
© Agence France Presse 2000
