Cyprus Mail
Banking and FinanceBusinessInternational

Euro pulls back from near parity, up 0.2 per cent

euro note eu

The euro bounced from near-parity versus the dollar on Tuesday and pushed into positive territory in volatile London trading.

Against the greenback, the euro rose 0.2 per cent to $1.0057 after falling 0.4 per cent as low as $1.00005 earlier. Traders reported the presence of large buy orders at the parity level via cash and derivative structures.

The single currency’s jump yanked the dollar index lower with the unit trading at 108.03.

Related Posts

Interest rates on loans ‘are not going down’

Elias Hazou

German regulator launches antitrust review of Microsoft

Reuters News Service

Optimism (OP) surges after Coinbase Partnership, Collateral Network (COLT) sells $300,000 COLT in presale, while Bitcoin (BTC) sees extreme volatility

CM Guest Columnist

Why DigiToads (TOADS) and Polygon (MATIC) are must-have Cryptos for 2023

CM Guest Columnist

EU reaches deal on service stations for EVs, alternative fuels

Reuters News Service

UK’s William Hill given record £19.2 million fine for gambling failures

Reuters News Service