The European Single Currency, Euro, on Tuesday, August 8, was up 0.2 percent at $1.1815 EUR=, less than a cent away from last week’s 2-1/2-year highs.
This came after the currency largely shrugged off figures on Monday showing an unexpected fall in German industrial production in June.
The European Central Bank is widely expected to scale-back its quantitative easing program as doubts rise about whether the Fed will be able to raise rates again this year, which has boosted the euro.
It hit a fresh 10-month high of 90.695 pence against the British pound EURGBP=D3.
Meanwhile, the United States of America Dollar, edged lower, but held on to most of its gains from last week’s strong U.S. jobs data despite doubts that the Federal Reserve will hike rates again in 2017.
Pound Sterling steadied after posting its biggest four-day drop in two months against the dollar as investors grew bearish about the outlook of the economy.
