Improved risk sentiment lifts euro, sterling ...Qatar

News by : (Gulf Times) -
The euro and sterling rose on Monday against safe-haven currencies, supported by improved global risk sentiment in a quiet trading session due to a holiday in the United States. European stocks and Britain’s FTSE share index rallied on Monday, helped by gains in oil and gas companies. US markets are closed for Independence Day. Sterling and the euro gained some ground against the US dollar, the Japanese yen and the Swiss franc. The single currency rose 0.2% to $1.0440 against the dollar, but stayed barely above May’s five-year trough of $1.0349, while sterling rose 0.4% to $1.2143 after hitting a two-week low of $1.1976 on Friday. “Quiet trading to start the week is seeing the US dollar wea

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