International

Euro up slightly as G-20 ministers meet

South Korean protesters shout slogans during a rally against the G-20 Finance Ministers and Central Bank Governors Meeting in front of the government complex in Seoul, South Korea. Photo: AP   | Photo Credit: Ahn Young-joon

The euro is a little higher against the dollar as finance officials from the Group of 20 meet in South Korea amid growing global tensions over exchange rates.

The 16-nation euro bought $1.3949 in Europe early Friday - recovering about half the ground it lost Thursday, when it bought $1.3933 in late New York trading.

The euro has been buoyed recently by expectations that the Federal Reserve will pump more money into the U.S. economy.

The British pound recovered some of the ground it lost against the dollar on Thursday, climbing to $1.5738 from $1.5713.

The dollar also went into reverse against the Japanese currency, slipping to 81.04 yen from 81.27 yen. On Wednesday, it sank to a fresh 15-year low of 80.85 yen.


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Printable version | Jul 29, 2021 12:25:25 PM | https://www.thehindu.com/news/international/Euro-up-slightly-as-G-20-ministers-meet/article15788063.ece

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