Euro’s Bounce Slows As Focus Shifts Back To Economy, ECB Policy

www.oann.com | 3/3/2016 | Staff
TOKYO (Reuters) – The dollar held steady against its peers on Tuesday, lacking strong direction as U.S. markets were shut for a holiday the previous day, while the euro’s latest bounce slowed as the focus drifted back to the economy and European Central Bank policy.

The dollar index versus a basket of six major currencies was little changed at 96.784 after ending the previous session flat. The U.S. financial markets were closed on Monday for Presidents’ Day.

Euro - Percent - Overnight - Low

The euro was little changed at $1.1312 after edging up 0.16 percent overnight, when it pulled away from a three-month low of $1.1234.

The single currency was buoyed by improved investor sentiment as expectations increased for an easing of the U.S.-China trade conflict after both sides reported progress in talks.

Dollar - World - Currency - Bouts - Investor

The dollar, the world’s most liquid currency, has tended to perform well during bouts of investor nervousness.

“The euro’s latest bounce was not based a positive incentive specific to the currency and the market will likely...
(Excerpt) Read more at: www.oann.com
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