Monday, 4 June 2018

Forex - Euro Gains as Markets Shrug off Trade Concerns-SapForex24

The euro pushed higher on Monday as markets shrugged off concerns over escalating trade tensions as signs of strength in the U.S. economy bolstered risk appetite.
EUR/USD was up 0.24% to 1.1687.

The dollar was a touch lower against the safe haven yen, with USD/JPY edging down to 109.46 from an overnight high of 109.77.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.18% to 93.99 after rising 0.22% on Friday.

The pound was little changed against the dollar, with GBP/USD last at 1.3351.

The risk sensitive Australian dollar was higher, with AUD/USD gaining 0.82% to trade at 0.7629, while the New Zealand dollar was also higher, with NZD/USD up 0.43% to 0.7012.

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