Euro extends gains after key US$1.20 level
London
With markets grasping at the lack of any mention of the euro strength by ECB president Mario Draghi at the Jackson Hole conference in Wyoming last week as a tacit green signal for euro bulls, traders quickly pushed the single currency above the US$1.20 line in early trades.
Helping the euro's rise has been a general sell-off in the dollar against its major rivals. A trade-weighted index fell 0.6 per cent to its lowest levels since January 2015 with benchmark 10-year US Treasury yields down six basis points to 2.09 per cent as geopol…
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