Euro falls off 26-month peak on profit-taking

2020-08-03 09:50:42 GMT (Economies.com)
Euro falls off 26-month peak on profit-taking

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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