Euro hits 4-month high vs dollar on stimulus, recovery hopes – ZAWYA

Euro hits 4-month high vs dollar on stimulus, recovery hopes – ZAWYA

Euro hits 4-month high vs dollar on stimulus, recovery hopes | ZAWYA MENA Edition HomeMarketsCurrenciesArticleEuro hits 4-month high vs dollar on stimulus, recovery hopes Dollar on the defensive, particularly against other growth-leveraged currencies    Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. TOKYO: The euro rose to a four-month high against the dollar on Wednesday on hopes European Union leaders may agree on stimulus and deepening fiscal integration to shield the economy from the pandemic.The dollar was on the defensive, particularly against other growth-leveraged currencies such as the Australian dollar, following an uptick in U.S. inflation and news of progress in vaccine development.The euro rose to as high as $1.1423, its highest level since March 10 and not far off its peak so far this year of $1.1495.The dollar was on the defensive, particularly against other growth-leveraged currencies such as the Australian dollar, following an uptick in U.S. inflation and news of progress in vaccine development.TOKYO: The euro rose to a four-month high against the dollar on Wednesday on hopes European Union leaders may agree on stimulus and deepening fiscal integration to shield the economy from the