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Foreign exchange market: The euro close to its highest level in a year on Thursday

27/04/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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While American economic risks weigh on the dollar, the euro remained close to its highest level in a year on Thursday 27 April.

Europe's resilient economy contrasts with the risks of bank contagion in the United States and the impasse over the debt ceiling and a potential recession. The euro came close to its highest level in a year against the dollar

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After falling by 0.42% on Wednesday, the Dollar Index, which measures the greenback against six other currencies, the most weighted euro, changed little at 101.41, when it touched a nearly two-week low of 101.00. The currency remained steady at $0.6603 on Thursday, after falling to a one-and-a-half month low of $0.6592 in the previous session

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