Open Demo Account
Home / Market Update / Forex Market / Euro at its Highest Level in 4 Months

Euro at its Highest Level in 4 Months

Adel 15 July, 2020 11:51 am Forex Market, Market Update

The euro rose during the European morning, hitting its highest level in four months after increasing demand with Federal Reserve Governor Lil Brainard hinted that the US needed an easier monetary policy.

EUR/USD rose 0.1% to 1.1408, after reaching its highest level since March 10 at 1.1423 earlier in the session. EUR/GBP was down 0.2% to 0.9060 and stronger inflation figures gave some support GBP.

In addition, the dollar index, which tracks the greenback versus a basket of six currencies, fell 0.1% to 96.093, GBP/USD rose 0.4% to 1.2595 and USD/JPY was steady at 107.23.

Tags

Check Also

GBP/USD Rallies as bulls aim for YTD high

During the North American session on Friday, the GBP/USD pair recovered from its losses on …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends