The euro held steady against the U.S. dollar on Monday after matching a four-wee...
LONDON - The euro held steady against the U.S. dollar on Monday after matching a four-week low earlier as the greenback maintained its gains on optimism that the United States and China would roll back tariffs that have hurt global growth.
Even though that was subsequently denied by U.S. President Donald Trump on Friday, he did not completely rule out a deal and U.S. benchmark Treasuries held above a key support level at 1.9%, buoying the currency. “Nevertheless, market participants are likely to remain optimistic that the U.S. and China are moving closer to finalising a partial trade deal by the end of this year,” Hardman said.The Japanese currency was last up 0.3% at 108.98 against the dollar.
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