Alexa
  • Directory of Taiwan

Euro breaches $1.30 for first time since May 10

Euro breaches $1.30 for first time since May 10

The euro has broken above $1.30 for the first time in over two months as mounting concerns about the pace of the U.S. economic recovery weigh on the dollar.
By mid-afternoon Friday, the euro was up 0.4 percent on the day at $1.2985, having traded as high as $1.3007 earlier. It hadn't been above $1.30 since May 10.
The euro has recovered from a four-year low of $1.1878 in early June as investors fret about the economic outlook in the U.S. following a run of downbeat data.
There are also hopes that the government debt crisis that hit the euro hard for most of the year may be easing.
Elsewhere, the British pound was down 0.3 percent at $1.5389 while the dollar fell another 0.8 percent to 86.80 yen.


Updated : 2021-06-14 08:37 GMT+08:00