The price of the euro on Tuesday reached its highest level since the beginning of March after European Union leaders succeeded in agreeing to a huge incentive plan to support the economies affected by the Corona pandemic. >
According to Reuters, the conclusion of the agreement pushed the euro up 0.2 percent against the dollar to $ 1.1470, its highest level since March 9th, although its gains have capped. Including expectations before the market opened to reach an agreement in the end, in addition to the high rates recorded by the euro in recent times.
The euro, in its most recent trading, fell 0.1 percent to $ 1.1442.
Encouraging results from several trials of the Covid-19 vaccine also boosted broader sentiment and the commodities linked to primary commodities.
Analysts said that there is no new information mentioned in the final agreement that could push the euro to rise more than that, since the value of grants and loans were already determined.
The dollar index settled against a basket of currencies and recorded 95.813 in the latest trading.
The commodities linked to the commodities rose.
The Australian dollar gained 0.5 percent to $ 0.7049, the highest level since the tenth of June, after the central bank offered few surprises in the minutes of its meeting last month. As well as in the word conservative.
The pound also benefited from the broad improvement in risk sentiment, increasing 0.4 percent to $ 1.2716, the highest level since June 11.
And rose 0.3 percent against the euro to 90.16 pence.
The rest of the markets prevailed, as most currencies were trading in limited ranges.
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