Bruised dollar hits new 1-month low; Lagarde boosts euro
The dollar hit a fresh one-month low on Tuesday as the euro extended gains while a broad selloff in stock markets failed to boost the U.S. currency’s safe haven appeal. Against a basket of its rivals =USD, the dollar fell 0.3% to 101.79, its lowest level since April 26. The euro EUR=EBS, which was the stand-out gainer on Monday after European Central Bank President Christine Lagarde indicated negative interest rates, a euro zone feature for eight years, will most likely be gone by the end of summer, extended gains. The ...
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