Euro rises for second straight day

Euro rose on Thursday against the dollar for another session as sentiment improves in the markets with some US stimulus approved to counter Covid impact. 

 

EUR/USD rose 0.2% to 1.1781, after closing 0. 2% yesterday on spreading risk aversion. 

 

The dollar index fell 0.1% on Thursday for another session against a basket of major rivals. 

 

The decline came as haven demand declines on the dollar as sentiment improves and investors prefer higher risk currencies. 

 

The bullish sentiment came after the US launched some new financial stimulus to counter the impact of the Covid 19 pandemic.


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Posted By laraparker : 08 October, 2020
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