Euro Scoops 0.2% Against Rival Currencies

The European single currency, Euro,  on Thursday, June 28, traded 0.2 percent higher at $1.1572 per dollar. Against the British Pound sterling, the euro hit a near two-month high at 88.40 pence.

The British currency tumbled by 0.4 percent to as low as $1.3066 in early European trading, its weakest since Nov. 13.

Currencies remained rangebound as mixed signals on the trade dispute between Washington and its trading partners kept sentiment subdued.

The dollar edged away from a near one-year high of 95.53 hit last week and was trading in negative territory on the day at 95.24.

The Australian dollar bounced modestly after sliding the previous day on the U.S.-China trade tensions. The Aussie was up 0.2 percent at $0.7356 after plumbing a 1-1/2-year trough of $0.7323 on Wednesday.

 

 

 

 

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