The euro held below the $1.10 level on Monday after Washington and Beijing put a...
U.S. Dollar and Euro notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration
With U.S. markets shut for a holiday on Monday, though, investors remained on the sidelines while looking to see what expansionary policies the European Central Bank and the U.S. Federal Reserve could unveil this month. Versus the dollar, the euro edged 0.1% lower at $1.0977 after falling below $1.10 on Friday for the first time since May 2017.
But since then an escalation in trade tensions between the United States and China, plus a growing swathe of global government bond yields sinking into negative territory thanks to a worsening economic outlook, has sapped demand for the euro.
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