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Euro snaps recent run of losses, Swiss franc rallies on inflation surge
The euro and the yen rose on Thursday, reversing some recent losses against the US dollar, while the Swiss franc hit a one-month high against the euro after Swiss inflation soared to its highest in 14-years. In Asian trade, the dollar had risen to a three-week high versus the Japanese yen after an overnight advance in Treasury yields. But by the European open momentum in the US currency had fizzled. Trading on Thursday is quieter with London markets shut for a UK holiday. By 0745 GMT, the dollar was down 0.3% against a basket of rivals, while the euro climbed 0.4% to $1.0689, following two days of losses. The yen ... (full story)
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- Posted: Jun 2, 2022 5:11am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,163
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