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Euro trading at $1.2353

Euro trading at $1.2353

The euro has recovered against the dollar, after China said it had no plans to sell European debt it holds.
The 16-nation currency, which spent weeks at near four-year-lows, bought $1.2353 in early Friday trading, only slightly off the $1.2378 it fetched overnight in New York.
The euro has dropped about 15 percent against the dollar this year, as European governments struggled to cut spending and get their budgets back in line with European Union mandates.
In trading, the British pound dipped slightly to $1.4575, down slightly from the $1.4588 late Thursday. The dollar edged up to 91.23 Japanese yen from 90.84 yen overnight.


Updated : 2021-04-17 03:53 GMT+08:00