Euro at five-week lows ahead of Christine Lagarde's testimony
Euro fell in European trade against dollar for second straight session on track to hit five-week lows, as investors buy up the dollar as an alternative investment ahead of ECB President Christine Lagarde's important testimony today.
EUR/USD fell 0.35% to 1.1685, with an intraday high at 1.1727, after closing down 0.15% on Friday, resuming losses after a short hiatus yesterday near five-week lows a 1.1683.
Euro fell 0.1% last week against dollar, the third weekly loss in a row.
The dollar index rose 0.2% on Monday on track for the second profit in a row against a basket of major rivals, while long term US treasury yields spike.
10-year US treasury yields rose 1.8% today for the third straight session, marking 13-week highs at 1.48% on prospects of US policy tightening soon.
ECB President Christine Lagarde is due to testify before the Committee on Economic and Monetary Affairs, via satellite.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1623
|
0.0012
|
0.1012%
|
|
|
|
|
1.3771
|
0.0032
|
0.2318%
|
|
|
|
Tadawul
|
11891.39
|
45.46
|
0.38%
|
|
|
|
|
24.410
|
1.097
|
4.705%
|
|
|
|
|
84.551
|
1.205
|
1.446%
|
|
|
|
|
86.10
|
0.56
|
0.65%
|
|
|
|
|
1800.645
|
30.905
|
1.746%
|
|
