Monday 27 March 2017

The euro rises against a dollar sunk by the failure of Trump

The euro reached its highest levels in nearly four months on Monday as a dollar sunk by the failure of US President Donald Trump in his bid to rally the Republican majority for his reform of Obamacare.

At 16:10 GMT, the euro was worth $ 1,0872, reaching its highest level since mid-November ($ 1,0906), compared to $ 1,0798 on Friday.

The European single currency was stabilizing against the Japanese currency and stood at 120.16 yen the euro, against 120.22 yen on Friday.

The dollar fell against the Japanese currency at 110.53 yen after hitting 110.11 on 12.10 GMT, its lowest level since late November, up from 111.34 yen on Friday.

The gold ounce was worth $ 1,257.55 in afternoon trading, rising to $ 1,261.28, its highest level since late February, compared to $ 1,247.50 on Friday night.

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