Dollar falls, euro hovers at 4-month high as EU negotiates rescue fund – ZAWYA

Dollar falls, euro hovers at 4-month high as EU negotiates rescue fund – ZAWYA

dollar falls, euro hovers at 4-month high as eu negotiates rescue fund the dollar index, which heavily weights the euro, was 0.36% lower at 95.930    image used fot illustrative purpose a bank employee counts u.s. hundred dollar bills at kasikornbank in bangkok october 12, 2010.new york  - the dollar was broadly lower on friday as the euro rose to just under a four-month high, with negotiations underway between european union leaders on a recovery fund that could lift the bloc out of the current recession.eu leaders' views on a mass stimulus plan remained "diametrically different", czech prime minister andrej babis said on friday. the 27 eu heads are struggling to reach consensus on the 2021-27 budget, proposed at above 1 trillion euros, and a linked new recovery fund worth 750 billion euros, meant to help rebuild southern economies most affected by the pandemic.  the euro was up 0.49% at $1.144 late in the north american session, just off wednesday's top of $1.145, its highest since the coronavirus financial crash in march.eu leaders' views on a mass stimulus plan remained "diametrically different", czech prime minister andrej babis said on friday. the 27 eu heads are struggling to reach consensus on