Forex

Euro on track for largest monthly profit since July

2020-11-30 09:11:43 GMT (Economies.com)

Euro rose in European trade on Monday for another session against dollar on track for the largest monthly profit since July on surging market sentiment, while investors await a speech by ECB President Christine Lagarde. 

 

EUR/USD rose 0.2% to 1.1983, the highest since early September, after rising 0.4% on Friday, while marking a 0.9% profit last week. 

 

The dollar index fell over 0.1% on Monday for another session, marking 2-1/5 year lows at 91.64. 

 

The rising sentiment came amid positive coronavirus vaccine news, while the Federal Reserve is expected to take further measures to counter the economic fallout. 

 

The common currency is up nearly 3% this month, the largest since July. 

 

ECB President Christine Lagarde will speak at an online event hosted by the European Policy Centre later today.

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