Euro Nears Two-Year High as Traders Bet on Europe’s Covid-19 Progress


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The euro traded near a two-year high against the dollar on signs that Europe has largely slowed down coronavirus infections and taken steps toward bolstering its weakest economies.

The currency used by the 19 eurozone nations ticked down 0.3% Tuesday to about $1.1722 a euro, remaining near a level last seen in September 2018. That leaves the euro’s rally so far in July at 4.3%, on course for its best monthly performance in four years.

By FoxEpedia
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