EUR/USD Drops Below 1.12

The dollar edged up on Monday, with an index that tracks the greenback against major currencies touching an 11-year peak even after soft economic data.

The euro, which is off nearly 10 percent in the last three months, had been up by as much as a third of a percent against the dollar on Monday but surrendered gains and last traded flat at $1.1192.

The yen went through 120 against the dollar for the first time since Feb. 12. The dollar was last up 0.50 percent to 120.09 yen, marking a three-week high for the dollar against the yen.  The dollar index was last up 0.14 percent at 95.427 after earlier going as high as 95.514, its highest since September 2003.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.