Euro falls against broadly resurgent dollar

London

The single currency slipped 0.6 per cent against the greenback to $1.1750, retracing most of its overnight gains when it posted its biggest single-day rise so far this month.

"Our bias in these thin markets is to sell the euro on rallies against the dollar as we think underlying positioning is still quite stretched," said Adam Cole, chief currency strategist at RBC Capital Markets in London.