The dollar also edged higher against the safe-haven yen to edge near a five-week high though it was capped by renewed scepticism on coronavirus vaccine developments.
The euro stood flat at $1.0924 (EUR=), having hit a two-week peak of $1.09755 in European trade.
The common currency also fetched 1.0615 franc (EURCHF=), after rising almost 1.0% so far in the week against the safe haven currency while against the yen, it stood near five-week highs of 118.20 yen (EURJPY=).
"The Franco-German agreement is big news. This has made it difficult for speculators to close their short positions on the currency," said Kyosuke Suzuki, director of forex at Societe Generale (OTC:SCGLY).
France and Germany proposed on Monday a 500 billion euro ($543 billion) Recovery Fund to offer grants to regions and sectors hit hardest by the coronavirus pandemic and to allow borrowing by the European Commission on behalf of the whole EU.
The proposals, while facing opposition from wealthier EU members, could move the European Union a step closer to a transfer union that would help mitigate various economic imbalances in the currency bloc.
Also helping the common currency was a survey showing German investor sentiment improved much more than expected in May as concerns eased over the impact of the coronavirus pandemic on Europe's largest economy.
The U.S. dollar tacked on 0.2% against the yen to 107.94 yen, near a five-week high of 108.085 hit in U.S. trade on Tuesday.
The U.S. currency lost traction on Tuesday after a report from medical news website STAT said early data from Moderna Inc's (O:MRNA) COVID-19 vaccine was insufficient, pouring cold water on optimism sparked a day earlier by the company's announcement.
Data showed U.S. homebuilding dropped by the most on record last month and permits for future construction tumbled, a stark reminder of the heavy economic toll exacted by the outbreak.
The dollar index (=USD) stood at 99.571, essentially stuck in its well-worn range since early April.
Sterling traded at $1.2251 , flat so far on the day while the Australian dollar fetched $0.65385 , after having hit a two-month high of $0.6585 overnight.
We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey.
Trading CFDs on leverage involves significant risk of loss to your capital.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. DrForexOfficial, will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
The information on this site and the products and services offered are not intended for distribution to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Read our full legal disclaimer.
Ewzpaq 20-03-2023 | 06:00 PM
generic ventolin 4mg purchase levoxyl pills oral augmentin
Ywcwet 18-03-2023 | 06:00 PM
order ondansetron 8mg online order bactrim online buy generic bactrim
Ozwrjr 18-03-2023 | 06:00 PM
stromectol canada generic stromectol for humans order generic prednisone 20mg
Oomulw 16-03-2023 | 06:00 PM
over the counter ed pills brand lyrica order propecia 1mg generic
Vrsszn 16-03-2023 | 06:00 PM
isotretinoin order online buy accutane 10mg generic ampicillin 250mg canada
Akfoyn 14-03-2023 | 06:00 PM
buy deltasone for sale purchase amoxicillin sale amoxil 1000mg over the counter
Xxiqxg 14-03-2023 | 06:00 PM
buy generic clomid 50mg clomiphene online buy prednisolone 10mg canada