The first Arabic newspaper upon its establishment, speaking in Arabic, English and French. Its headquarters are in London and Cairo, and soon in the Gulf countries and the Maghreb.

Editor-in-Chief
Mohamed Al-Otaify
Alsharq Tribune
Independent. Political. International.
Voice of the Minorities
BREAKING
Business and Finance

Dollar Falls, Euro at 4 Month High

Dollar Falls, Euro at 4 Month High
6 0

Alsharq Tribune-AFP 

The euro extended four-month highs to the US dollar on Thursday, 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 Nov. 8.

Sterling edged as high as $1.2906, a level last seen on Nov. 11.

The US dollar index was little changed at 104.31, after easing to 104.25 overnight for the first time since Nov. 8.

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 Feb. 26.

Add Comment

Your email address will not be published.

Related Posts

Alsharq Tribune
Typically replies in 5Min
Alsharq Tribune
Hi there 👋

How can we help?
Start Chat