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The euro is trading near its highest level this week





The euro saw a rise in today's trading against the dollar for the fifth consecutive day to trade near highs in the week during yesterday's trading, this comes in light of a weaker dollar levels against major currencies.

Pair is trading the euro against the dollar is currently at the level of 1.1116 after recording the highest at 1.1121 and the lowest level at 1.1107 and the session was opened today at the level of 1.1106. This comes after rising to its highest level in a week at 1.1168.

The euro's recovery levels during the week comes after the decline suffered by the last week because of the strength of the dollar after the US employment sector, which has seen improved further support the dollar in the financial market data.

This has been the dollar returned to decline again against major currencies, which helped lift the euro levels in light of the inverse relationship between the two, in addition to the return of optimism to the markets during the week.

Trading the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently at the level of 96.11 after it opened today's session at the 96.11 level, while the lowest level has been recorded at 96.03 after recording the highest at 96.15 this comes after the dollar index fell this week to its lowest the level of the week at 95.81.

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