The euro traded higher against its main rivals Monday as the initial shock from Syriza’s electoral victory in Greece faded, and a gauge of German business activity proved more upbeat than expected.The euro EURUSD, +0.04% was worth $1.1267 in recent trade, compared with $1.1208 late Friday in New York.
The euro EURGBP, -0.08% similarly recovered from a six-year low of £0.7405 to trade at £0.7479 Monday, which was about even with its Friday afternoon level. It EURJPY, -0.06% traded at ¥133.47 Monday morning, after falling to a low of ¥130.15. It traded at ¥132.14 Friday.
The dollar EURJPY, -0.05% was at ¥118.38, from ¥117.81 late Friday in New York as investors positioned for a bump in the dollar’s value after the Federal Reserve’s policy statement, which is expected Wednesday after the close of the FOMC’s two-day policy meeting.
The broader ICE dollar index DXY, -0.05% was flat at 94.7720.
The pound GBPUSD, +0.15% climbed to $1.5079, from $1.4992 late Friday, as investors anticipated a strong reading on British gross domestic product Tuesday morning.
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