Euro Falls, Dollar Index RisesSingapore, 29 Jul (ONA) — The euro today struggled to recoup its steep losses as investors sobered up to the fact that terms of the trade deal between the US and the European Union (EU) favored the former and hardly lifted the economic outlook of the bloc.
The euro last traded at $1.1594, after falling 1.3% in the previous session, its sharpest one-day percentage fall in over two months.
The dollar index, which measures the US currency’s performance against major currencies, rose by approximately 0.27%, reaching 98.670 points.
The dollar today held on to gains and knocked sterling to a two-month low of $1.3349, while the yen edged marginally higher to 148.49 per dollar.
The Australian dollar eased 0.05% to $0.6518, while the New Zealand dollar was little changed at $0.5972.
The offshore yuan was little changed at 7.1813 per dollar.— Ends/Khalid
