Euro steadies against dollar in calm trading
Economies.com
2021-10-11 08:25AM UTC
Euro settled against most currencies on Monday amid calm trading in markets.
Investors are following up oil prices changes, with US crude surging above $80 and boosting energy shares with it in global markets.
Separately, inflation concerns continue to haunt major economies, with commodities, in particular oil, rallying recently.
Due to that, US and European inflation rates are clearly rallying with expectations pointing to gradual unravelling economic stimulus plans put in place after spread of Covid 19 worldwide.
EUR/USD last traded at 1.1574 around 8:21 GMT, with a session-high at 1.1588, and a low at 1.1564.
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