The euro advanced against the US dollar today as the gains of the Asian stocks muted the impact of the interest rates hike in China, increasing the investors’ willingness to risk.
The MSCI Asia Pacific Index of regional shares advanced 0.3 percent even after China’s central bank raised the interest rates by 25 basis points to 2.75 percent. The Dollar Index, which tracks the dollar versus the currencies of six major US trading partners, fell 0.2 percent to 80.314.
EUR/USD advanced from 1.3110 to 1.31531 as of 10:20 GMT today after falling earlier to 1.3072.
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