The euro traded near a three-year low versus the dollar ahead of a highly watche...
TOKYO - The euro traded near a three-year low versus the dollar ahead of a highly watched German survey on Tuesday, which is expected to show a sharp slump in investor confidence and fuel growing pessimism about the outlook for Europe’s largest economy.
Sterling nursed losses against the dollar and the euro due to lingering worries about economic ties between Britain and the European Union as both sides laid out conflicting views on how to proceed with trade negotiations. “The euro is close to testing an important support level at $1.08 due to the diverging economic outlook between the euro zone and the United States,” said Junichi Ishikawa, senior foreign exchange strategist at IG Securities in Tokyo.
Prime Minister Boris Johnson’s Europe adviser David Frost said on Monday Britain will not be threatened into following EU rules to win a free trade agreement with the bloc.
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