Economic news

Euro bounces to recent three-year peak, dollar sluggish

The euro inched up a third of a percent on Monday on anticipations the European Central Bank will keep its current monetary policy at a meeting this week.

Photo: Reuters

The common currency climbed 0.3 percent to $1.2259 in early trading, heading to a three-year peak of $1.2323 that it touched last Wednesday.

Investors focused on U.S. government shutdown and the BOJ and the ECB meetings this week. Fresh economic figures and negotiations over coalition in Germany, have supported the euro, with business sentiment optimistic and capital spending rising.

The dollar’s index slid to 90.155 but was last up 0.1 percent at 90.665. The pound firmed near $1.39.

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