Tuesday, 23 June 2015

Euro goes for wild ride but ends flat versus dollar

The euro weakened against the U.S. dollar in afternoon trading on Monday, but held on to gains against the pound and the Japanese yen.

The shared currency EURUSD, -0.6525%   fluctuated wildly during the session, moving between a session high of $1.1411 and a session low of $1.1312. It ended the day at $1.1356, about even with its level from late Friday in New York.

The yield on the 10-year German government bond, considered a haven amid the Greece crisis jumped 12.4 basis points on the day to 0.883%, as bond prices fell.

The common currency rose against the yen EURJPY, -0.36%  to ¥139.84, from ¥139.31 late Friday in New York.

The euro EURGBP, -0.3209%  also traded slightly higher against the pound, rising to 71.65 pence, from 71.50 pence on Friday.

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