Tuesday, 07 July 2020
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Euro and yen gain before Trump's press conference on China
Friday, 29 May 2020 15:56 WIB | CURRENCIES |DOLLARCurrency Yen Euro

The euro extended its gains on Friday to a two-month high as traders waited for U.S. President Donald Trump's response to China's tightening control over Hong Kong, which could further worsen tensions between the two over the financial hub.

The yen rose against major currencies as investors looked for safe havens before Trump's response to China's passing of a national security law for Hong Kong.

The euro, which got a boost following the European Commission's stimulus plan announced earlier this week, rose 0.2% to $1.111, its highest since March 30.

The pound fell against the euro. The single currency was last up 0.3% at 90.145 pence. Sterling was stable against the dollar, down 0.04% at $1.2312 but still on course for its second weekly gain. The dollar fell 0.4% against the Japanese currency at 107.17 yen.

Source : Reuters

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