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Euro Hobbles Near November Lows as Dollar Takes Comfort From Fed Outlook, Trade Hopes


Friday, 29 November 2019 16:11 WIB

EuroEUR/USD


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The euro hovered around its lowest levels for this month on Friday as the dollar held its poise on hopes that the United States and China would be able defuse their damaging tariff war with a preliminary trade deal.

The U.S. currency also gained from data showing the world's biggest economy is on a firm footing, which prompted investors to scale back their rate-cut bets.

Members of the European Central Bank are discussing the potential for a new definition of the inflation target, which now stands at below, but close to 2%.

The euro was last trading neutral at $1.1009, having climbed back from the two-week low of below $1.10 it dropped to this week.

Source : Reuters


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