Euro on track for largest weekly profit in three months

2020-10-23 10:24:30 GMT (Economies.com)
Euro on track for largest weekly profit in three months

EUR/USD rose on Friday after a hiatus from gains yesterday, on track for the largest weekly profit in three on hopes for US Covid relief. 

 

EUR/USD rose 0.25% to 1.1846. after closing up 0.3% yesterday, the first loss in five days on profit-taking. 

 

Across the week, the euro is up 1.1% so far on track for the largest weekly profit since July. 

 

The gains came amid improving sentiment in the market with hopes increasing for US relief package before the November elections.

 

On the Covid front, the World Health Organization reported 41.1 million global cases so far of the coronavirus, with the death toll standing at 1.128 million. 

 

 
 
 
  Symbol Last Change Chg.%
1.1904
0.0010
0.0858%
1.3379
-0.0004
0.0318%
Tadawul
8688.76
21.04
0.24%
23.363
-0.682
2.836%
45.460
2.635
6.153%
48.32
0.45
0.94%
1810.520
-55.990
3.000%
 
 
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