The euro rises as investor sentiment picks up and the pound climbs

LONDON (Reuters) – The euro was up 0.5% on Thursday, as currencies hit by the recent rise in dollar purchases showed a more positive sentiment about risk appetite.

According to analysts, the wave of buying dollars until the end of October Wednesday stagnated in early November, which strengthened the euro, the Australian dollar and the New Zealand dollar.

Sterling jumped 1% on reports that a UK-EU financial services deal after the dissolution could increase pressure on the dollar and reach its highest level in 16 month.

The euro rose 0.5% to 1.1359 USD, moving away from the recent low of 1.1302 USD, ending a series of three losses in the wake of weak data pressures. of the euro area, concerns about the Italian budget and British secession.

The dollar index, which measures the value of the greenback against six major currencies, fell 0.4% to 96,715, down from a record high of 97.2 in 16 months. previous session.

The Australian dollar, a measure of investor confidence, jumped 1% to 0.7146 USD, fueled by data showing that Australia's trade surplus reached its highest level in two years in September.

Currencies such as the Swedish krona and the Norwegian krone also appreciated against the dollar.

The yen rose slightly against the dollar at 112.90 yen to the dollar. The Japanese currency fell to a three-week low at 113.38 yen on Wednesday after the Bank of Japan hinted that it was planning to maintain its restrictive monetary policy for some time.

The pound sterling rose more than 1%, to 1.2910 dollar, after the announcement of the conclusion by Britain of a financial services agreement with the European Union after the rupture, thus reinforcing the optimism of a wider agreement with Brussels.