The euro held on to its gains on Tuesday, December 15th, as it hovered close to its highest level in two and a half years as investors ignored new general isolation measures to combat Covid-19 virus and focused on the possibility of applying more US stimulus, which would negatively affect the dollar.<\/p>\n\n\n\n
The euro has risen 4% since early November to its highest level since April 2018, partly due to the widespread sale of the US dollar and investor betting that a massive European financing package for the recovery will lift the region’s economies.<\/p>\n\n\n\n
The euro recorded in its last trade against the dollar at $1.2135, as it was little changed during today’s trading.<\/p>\n\n\n\n
The dollar index, which measures the performance of the greenback against a basket of currencies, rose slightly to 90.802. The dollar index fell to 90.419 on Monday, a level not seen since April 2018.<\/p>\n\n\n\n
The dollar weakened on hopes that members of the US House of Representatives could agree on a spending package of $ 1.4 trillion.<\/p>\n\n\n\n
The pound sterling fell and recorded in its latest trading a decline of 0.3% to $1.3290 after rising on Monday, supported by news about the continuation of talks between Britain and the European Union with the aim of concluding a trade agreement for the post-Brexit period.<\/p>\n\n\n\n
The Australian dollar slipped 0.1% to $ 0.7512, after touching its highest level since June 2018 at $ 0.7578 on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"
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