Euro sharpens decline to four-week low

2021-03-02 10:19:21 GMT (Economies.com)
Euro sharpens decline to four-week low

Euro fell in European trade on Tuesday for the third straight session against dollar, marking four-week lows ahead of inflation data. 

 

EUR/USD fell 0.5% to 1.1991, the lowest since February 5, after closing down 0.2% yesterday. 

 

The dollar index rose 0.4% on Monday for the third straight session, marking four-week highs at 91.39. 

 

US 10-year treasury yields rose to 0.75% for another day, nearing a year high. 

 

The spike in treasury yields hurt sentiment and accelerated selling pressures in global stocks. 

 

Investors await European data today on inflation, which could bolster the common currency against rivals. 

 

The euro zone's consumer prices are expected up 1%, improving from 0.9% in January. 

 
 
 
  Symbol Last Change Chg.%
1.2058
0.0032
0.2673%
1.3877
-0.0076
0.5436%
Tadawul
10127.90
18.31
0.18%
26.029
0.237
0.921%
61.640
-1.538
2.434%
65.61
0.23
0.35%
1783.260
11.810
0.667%
 
 
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