Euro reverses lower as the dollar recovers
Economies.com
2017-04-13 16:19PM UTC
Euro fell on Thursday after garnering gains earlier this week, as the dollar rebounds following upbeat U.S. data that hurt the common currency.
Strong U.S. unemployment claims buoyed the dollar away from a two-week low, before upbeat consumer confidence, helping the greenback regain lost ground.
The dollar's strength, adding to concerns about the chances of France's Far Right candidate, which pledged to exit the European Union.
EUR/USD last traded at 1.0630, down from the opening of 1.0672, with an intraday high at 1.0679, and a low at 1.0612.
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