Euro pulls back from near parity, up 0.2 per cent

Euro pulls back from near parity, up 0.2 per cent

by Joseph Anthony
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The euro bounced from near-parity versus the dollar on Tuesday and pushed into positive territory in volatile London trading.

Against the greenback, the euro rose 0.2 per cent to $1.0057 after falling 0.4 per cent as low as $1.00005 earlier. Traders reported the presence of large buy orders at the parity level via cash and derivative structures.
The single currencyโ€™s jump yanked the dollar index lower with the unit trading at 108.03.

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