Euro rises against dollar to seven-month highs - Plataforma Media

Euro rises against dollar to seven-month highs

The euro rose today against the dollar and reached the highest since the beginning of June, due to an increase in tolerance and improved sentiment in the markets.

At 18:10 (Lisbon time), the euro was still at 1.0772 euros, after having reached a maximum of 1.0774 dollars, when on Friday afternoon it was trading at 1.0654 dollars.

The European Central Bank (ECB) set the reference exchange rate for the euro at 1.0696 dollars.

The mood improved in the markets after China reopened the border crossings with Hong Kong over the weekend, after three years of restrictions due to the “covid zero” policy.

As a result, the yuan rose to a five-month high against the dollar, which put pressure on the US currency.

Investors also expect a slowdown in the US Federal Reserve’s rise in interest rates, which has benefited the dollar.

Currencies…………….today…………..friday

Euro/dollar…………1.0772………………1.0654

Euro/Pound…………0.88279…………….0.88187

Euro/yen………….141.37………………140.24

Dollar/Yen…………131.23………………131.62

EA // EA

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