Euro Tests Highs before Trump's Press Conference on China
Friday, 29 May 2020 18:30 WIB | CURRENCIES | Euro

The euro extended its gains, testing two-month highs, on Friday as traders waited for U.S. President Donald Trump's response to China's tightening control over Hong Kong, which could worsen tensions between the two over the financial hub.

Earlier, the yen rose against major currencies as investors looked for safe havens before Trump's response to China's passing of a national security law for Hong Kong.

The euro, which got a boost from the European Commission's stimulus plan announced earlier this week, rose 0.6% to $1.1140, just beneath the 1.1148 reached on March 30. Going over that level would take the currency to its highest since March 17.

Elsewhere, the dollar fell 0.4% against the Japanese currency at 107.16 yen.

Source : Reuters

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