Euro Rises on Renewed Purchases of Riskier Currencies

The single European currency has witnessed positive movements during Monday’s trading, settling above the lowest level in a week against the US dollar recorded earlier, after the US dollar’s ​​rise slowed, in conjunction with renewed purchases of high-risk currencies.

The euro is currently higher against the dollar by more than 0.3% at 1.1838, after it was trading above 1.19 levels during last week’s trading.

The euro ended last Friday’s down 0.6% against the dollar, in its second loss in the last three days and recorded its lowest level in a week at 1.1754, after strong economic data in the United States.

The dollar index, which measures the performance of the greenback against a basket of 6 major currencies, is trading at 92.9340 points, down by 0.34%.