Euro pushback ends US dollar recovery
London
THE euro edged higher on Monday and the dollar fell back, as a strong start to the week for equity markets ended a rally for the greenback.
The dollar last week had its best performance against the euro since November 2016 as a brutal sell-off across asset classes forced investors betting against the US currency to unwind their positions. The dollar also benefited as nervous investors bought the relative safety of some US assets.
TRENDING NOW
Why US$100 oil, 5% US yields affect Singdollar, ringgit differently vs other Asean currencies
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Asia needs new energy security architecture
CDL to launch 570-unit Jurong project Lucerne Grand with prices from S$1.5 million
