Euro resumes gains near two-month highs

2022-01-17 11:00:13 GMT (Economies.com)
Euro resumes gains near two-month highs

Euro rose in European trade against dollar to near two-month highs as the greenback weakens, amid altered estimates for the future of the European Central Bank's monetary policies. 

 

EUR/USD rose 0.25% to 1.1435, with an intraday low at 1.1399, after closing down 0.4% on Friday, the first loss in four days on profit-taking away from two-month highs at 1.1482. 

 

The euro rose 0.5% last week against dollar, the third weekly profit in a row. 

 

The dollar index fell over 0.1% on Monday after a hiatus from losses on Friday against a basket of major rivals. 

 

Investors await fresh data on the pace of new evidence supporting rate hikes in the US this year and changing the general budget of the Federal Reserve.

 

In Europe, analysts now expect a tightening of policies this year after inflation hit another record high in December. 

 
 
 
  Symbol Last Change Chg.%
1.0744
0.0091
0.8524%
1.2621
0.0058
0.4641%
22.115
0.204
0.931%
113.777
3.638
3.303%
117.02
-0.37
0.32%
1854.835
-1.600
0.086%
 
 
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