Euro widens gains to four-week high against dollar

2021-02-23 10:37:49 GMT (Economies.com)
Euro widens gains to four-week high against dollar

Euro rose in European trade against dollar for fourth straight session, marking four-week highs amid improving sentiment in the market. 

 

EUR/USD rose 0.25% to 1.2180, after closing up 0.3% yesterday, the third profit in a row amid positive economic developments around the globe. 

 

The dollar index fell 0.1% in Tuesday for the fourth straight session, marking six-week lows at 89.94. 

 

The dollar's decline comes as investor interest surges on high risk currencies amid hopes for global recovery from the coronavirus pandemic. 

 

The dollar is also pressured by expectations that ultra low US interest rates won't be raised any time soon. 

 

Later today, Fed Chair Jerome Powell will testify on the Semiannual Monetary Policy Report before the Senate Banking Committee, via satellite.

 
 
 
  Symbol Last Change Chg.%
1.1911
-0.0143
1.1851%
1.3838
-0.0097
0.6972%
Tadawul
9242.28
-68.88
0.74%
25.247
-1.621
6.035%
66.283
4.812
7.828%
69.56
2.85
4.27%
1700.790
-39.040
2.244%
 
 
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