Euro hits new five-month high

Economies.com
2017-04-25 15:58PM UTC

Euro kept rising on Tuesday to a fresh one-month high as the positive impact of France's elections result carries on, while the dollar gives up ground today. 

 

Euro's rise comes amid growing risk appetite in the markets, showing in strong gains by global stock indices and visible confidence.

 

On the other hand, markets follow the development in Washington ahead of the final deadline to avoid a government shutdown, as markets await more details about president Donald Trump's tax reform plans. 

 

EUR/USD last traded at 1.0936, up from the opening of 1.0865, with a session-high at 1.0939, and a low at 1.0851. 

 

Dollar fell today to a one-month low versus a basket of currencies after weak U.S. consumer confidence data for April. 

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