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After weakening to 13-month lows the euro clawed back above the $1.14 level on today, as Turkey’s lira pulled away from record lows against the dollar, but still held heavy losses for the day. EURUSD raised up to 1.1432 by 13:30 GMT after falling as low as 1.1364 at 04:30 GMT overnight, its weakest level
The U.S. dollar was lower on today, while the euro and sterling were higher as investors wait for several central bank meetings this week. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.43% to 94.06 as of 15:34 GMT. Meanwhile, the pound inched higher, with GBPUSD rising 0.31%
The U.S. dollar fell on Friday as trade tariffs between the U.S. and China began while the pound gained steam. Trade conflict between the two biggest economies in the world began in force on Friday, when U.S. tariffs on $34 billion worth of Chinese goods went into effect. An additional tariff on another $16 billion
The euro remained higher on Friday, as the U.S. dollar fell and trade concerns lingered. EURUSD rose 0.26% to 1.1633 after French and German business activity in June came in higher than expected, easing concerns of a slowdown in the eurozone. The pound was also higher, with GBPUSD rising 0.20% to 1.3268. Trade tensions between the U.S. and