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July 1, 2024

Euro Rises, Yen Fragile

The euro rose on Monday, while the yen struggled to break away from a near 38-year low.

The euro was last 0.4% higher at $1.0759, around a two-week high.

Against the dollar, sterling rose 0.11% to $1.2659, while the Aussie dipped 0.07% to $0.66655.

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Gold Remains Stable in Early Trade

Gold prices maintained firm in early Asian hours on Monday, bolstered by statistics showing that inflation in the United States has slowed, raising hopes that the Federal Reserve may begin decreasing interest rates this year.

The spot gold price rema…

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