2018-11-15
- The euro rose on Thursday as investors cautiously welcomed a British draft of the EU exit agreement and eased concerns about a confrontation over Italy's budget.
 
Most of the currencies were trading in narrow ranges at the start of the European session, with the Australian dollar gaining more than 0.8 percent after a strong job report.
 
British Prime Minister Teresa Mae won the support of senior government ministers for the EU disengagement agreement on Wednesday, prompting the euro and the pound to rise against the dollar.
 
The euro rose 0.3 percent on Thursday to $ 1.1352, its highest level in four days.
 
The dollar index, which tracks the performance of the greenback against a basket of six currencies, stabilized at 96.788, below the 16-month high hit on Monday.
 
The Australian dollar jumped more than 0.8 percent to $ 0.7294 after positive job data. The New Zealand dollar also rose.
 
Against the Japanese yen, the dollar lost 0.1 percent to 113.47 yen. The Japanese currency rose over the previous two sessions against the dollar.
 
Sterling stood at $ 1.2976, but fell against the euro to 87.43 pence as most investors were wary of pushing the British currency higher as Mae faced an arduous task of persuading her Conservative Party to support its deal before facing a vote in parliament.