Euro climbs back above $1.08, volatility spikes

Euro climbs back above $1.08, volatility spikes

19 Feb 2020 04:02 PM
 

The euro rose on Wednesday as improving risk sentiment in global markets paused the dollar's rally, providing relief to the single currency, which had earlier fallen to three-year lows after a survey showed weakening confidence in Germany.

The euro has fallen 3.6% to the dollar this year, as Europe's economic data has deteriorated while that of the United States has mostly improved.

The euro was 0.13% higher at $1.0805 by 3:43 pm local time  One-month euro-dollar implied volatility rose to its highest in six weeks.

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