2018-11-01
The euro rose 0.5 percent on Thursday as currencies hit by a recent dollar buying surge surged in more positive sentiment for risk appetite.
 
Analysts said the dollar buying spree until the end of October on Wednesday had stalled in early November, boosting the euro, the Australian dollar and the New Zealand dollar.
 
Sterling jumped 1 percent on reports that a UK-EU agreement on financial services after the break-up could add pressure on the dollar to a 16-month high.
 
The euro was up 0.5 percent at $ 1.1369, moving away from a recent low of $ 1.1302, ending a three-session losing streak triggered by pressure from weaker eurozone data, concerns about the Italian budget and the British secession.
 
The dollar index, which measures the value of the greenback against six major currencies, fell 0.4 percent to 96,715, down from a 16-month high of 97.2 in the previous session.
 
The Australian dollar, a measure of investor confidence, jumped 1 percent to $ 0.7146, boosted by data showing Australia's trade surplus rose to near a two-year high in September.
 
Currencies such as Swedish krona and Norwegian krona also rose against the dollar.
 
The yen rose slightly against the dollar at 112.90 yen to the dollar. The Japanese currency fell to a three-week low of 113.38 yen on Wednesday after the Bank of Japan hinted that it intended to maintain its tight monetary policy for some time.
 
The pound gained more than 1 percent to $ 1.2910 on reports that Britain had struck an agreement with the European Union on financial services after the break-up, boosting optimism about a broader deal with Brussels.