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Currency: The euro strengthened against the dollar

07/01/2022
Categories: Economy/Forex

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The euro rises a little in a chilly market. The European currency strengthened a little against the dollar and the pound hit a five-week high on Wednesday in a market with limited risk appetite amid lingering concerns over the Omicron variant of Covid-19.

Around 8:30 p.m. GMT, the euro gained 0.28% against the greenback at 1.1342 dollars for one euro. The dollar was up slightly at the start of the session against the European currency but then reversed the trend. The pound hit $1.3486, up 0.39% against the greenback, a five-week high. It had crossed the $1.35 mark on November 19.

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