Euro and pound
recovered significantly against the dollar
Aug
24 2015
The
Euro recovered significantly against the US Dollar to trade above $1.15 while
the European equity markets opened lower on Monday trading session. As slowing
global economic growth weigh on investors sentiments and decreased the hopes
that the Fed will hike its interest rates on September pushing the Dollar down
against its major rivals. On the other hand, the Sterling Pound rebounded to almost 7 weeks high against
the U.S Dollar. While the investors turned to buy the safe-haven
currencies like the Yen and the yellow metal as uncertainties and fears still
dominate the global financial markets.
