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Euro falls off 26-month peak on profit-taking
2020-08-03 09:50:42 GMT
(Economies.com)
Euro fell in European trade on Monday for another session against dollar off 26-month highs on active profit-taking.
EUR/USD fell 0.3% to 1.1740, after closing down 0.6% on Friday, the first loss in three days on profit-taking off 26-month highs at 1.1908.
The pair rose 4.8% in July, the largest monthly profit since September 2010.
The powerful gains came as Europe launched a historic financial rescue package against the coronavirus pandemic, while the US dollar tumbled.
The dollar index rose 0.25% on Monday for another session away from two-year lows at 92.55.
Dollar's recovery comes on haven demand as risks continue to besiege global markets while US-China relations continue to deteriorate.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1853
|
-0.0025
|
0.2142%
|
|
|
|
|
1.2937
|
0.0038
|
0.2916%
|
|
|
|
Tadawul
|
8364.61
|
6.65
|
0.08%
|
|
|
|
|
26.764
|
-0.247
|
0.916%
|
|
|
|
|
40.896
|
3.836
|
10.351%
|
|
|
|
|
43.15
|
-0.26
|
0.60%
|
|
|
|
|
1950.000
|
-4.225
|
0.216%
|
|
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