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Dollar Falls, Euro at 4 Month HighTokyo, 6 Mar (ONA) — The euro extended four-month highs to the US
dollar today, following a surge in European bond yields on
Germany’s proposed 500 billion euro ($539.85 billion) infrastructure
fund and overhaul in borrowing limits.
The greenback wallowed near a four-month trough against a basket
of major peers after US President Donald Trump’s administration gave
a one-month reprieve on auto import levies to Canada and Mexico.
The euro was flat at $1.0792 in the Asian morning, after earlier
touching $1.0803 for the first time since 8 November 2024.
Sterling edged as high as $1.2906, a level last seen on 11 November 2024.
The US dollar index was little changed at 104.31, after easing
to 104.25 overnight for the first time since November 2024.
The dollar gained 0.2% against the safe-haven yen, however, to
be last at 149.17 yen.
It edged up 0.1% to 7.2438 yuan in offshore trading, but after
falling 0.9% over the previous two sessions.
The Aussie gained 0.1% to $0.6345, the highest since 26 February 2025.— Ends/Khalid
