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Euro perched at three-day high on trade talk hopes
Thursday, 26 July 2018 15:16 WIB | CURRENCIES |DOLLAR EuroDolar ASpoundPoundsterling

The euro held at a three-day high on Thursday as concerns about a global trade war eased after the United States and the European Union agreed to begin talks on lowering tariffs.

Following talks on Wednesday with European Commission President Jean-Claude Juncker, U.S. President Donald Trump said they had agreed to œwork together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods.

The euro was up 0.1 percent at $1.1738, extending its rise after gaining 0.4 percent the previous day. Before the Trump-Juncker talks, the single currency slipped to a low of $1.1664.

Elsewhere, the dollar index held at a two-week low against a basket of six major currencies and was down 0.25 percent at 94.131.

Sterling was broadly steady at $1.3202 as expectations about a rate hike next week from the Bank of England underpinned the British currency.

Source: Reuters

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