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Mubasher: The euro went from its lowest level in two years on Thursday, while the dollar weakened after comments from President Donald Trump.
In a tweet via Twitter, US President Donald Trump unveiled his intention to impose new 10% tariffs on Chinese goods worth $ 300 billion starting next month.
The euro was hit hard earlier in the session by the rising dollar after the US Federal Reserve cut its federal funds rate by 0.25% for the first time in a decade.
But the bank's president, Jerome Powell, pointed out that lowering rates does not necessarily mean a policy of easing but rather a change in the current policy to cope with economic developments.
For its part, the Bank of England confirmed the interest rate at today's meeting, but lowered its economic growth forecasts by issuing warnings on the risk of recession of bricast without agreement.
At 18:45 GMT, the euro is appreciated 0.1% against the dollar to reach 1.1087 dollar, after falling back to 1.1027 dollar, its lowest level in almost 26 months.
The pound also lost ground against the greenback (0.06%) to close at $ 1.2152, after falling to $ 1.2085 for the first time in nearly 30 months.
During the same period, the main dollar index, which measures the performance of the currency against six major currencies, fell by 0.1% to 98.378, after reaching its highest level in two years: 98.932.
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