Wednesday, June 19, 2024
English English French Spanish Italian Korean Japanese Russian Hindi Chinese (Simplified)

The euro strengthened versus the dollar due to positive business morale statistics from Germany, while the safe-haven dollar suffered from a slight increase in investor interest in riskier currencies. According to a survey released on Monday, German company confidence increased more than anticipated in December as the outlook for Europe’s largest economy brightened despite the energy crisis and high inflation.

The euro increased by 0.23% to $1.0606 and is now within striking distance of last week’s six-month high of $1.0737.John Doyle, vice president of dealing and trading at Monex USA, stated, “I think the dollar is generally down on slightly higher risk-on trade.”


* indicates required

The Enterprise is an online business news portal that offers extensive reportage of corporate, economic, financial, market, and technology news from around the world. Visit to explore daily national, international & business news, track market movements, and read succinct coverage of significant events. The Enterprise is also your reach vehicle to connect with, and read about senior business executives.

Address: 150th Ct NE, Redmond, WA 98052-4166

©2024 The Enterprise – All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept