The euro held on to its gains today, Tuesday, as it approached its highest level in two and a half years, as investors ignored new lockdown measures to combat Covid-19 disease.

The euro has risen 4% since early November to its highest level since April 2018, partly because of the widespread sale of the US dollar, and investors bet that a massive European financing package for the recovery will lift the region's economies.

The euro recorded in its last trade against the dollar at $ 1.2135, as it was little changed during today's trading.

The dollar index, which measures the performance of the greenback against a basket of currencies, increased slightly to 90.802 points

The dollar index fell to 90.419 points on Monday, a level not seen since April 2018. The dollar weakened due to hopes that members of the US House of Representatives could agree on a stimulus package worth 1.4 trillion dollars.

Source: Reuters

By:Nadeemy Haded