The euro continued to rise on Thursday, boosted by a 750 billion euro (673.70 billion pounds) EU plan to prop up the bloc’s coronavirus-hit economies, though gains were limited as doubts about delivering the scheme crept in.
The EU executive unveiled a plan on Wednesday to support economies hammered by the pandemic, hoping to end months of squabbling over how to fund a recovery that exposed faultlines across the 27-nation bloc.
The euro was last up 0.1% at $1.1016, having risen earlier to a two-month high of $1.1035. The euro was steady versus the Swiss franc at 1.0664, though the day prior it rose to nearly a three-month high.
An index tracking the U.S. dollar against major currencies was stable at 98.93 as the greenback held its own in a crosscurrent between rising Sino-U.S. tensions and optimism over recovering global growth as economies re-open.
Source : Reuters