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3 Min Read NEW YORK (Reuters) - The dollar rose to two-month highs against the euro on Tuesday as markets saw the U.S. as likely to rebound sooner than Europe from the coronavirus pandemic. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo The view was bolstered by moves in Washington toward more stimulus spending that contrasted with European lockdowns and expectations for a decline in euro zone GDP in the first three months of this year. Against the dollar, the euro was trading at $1.202 in the afternoon in New Yor...

Euro US Dollar Exchange Rate Tumbles despite Forecast-Beating Eurozone GDP  Investors continued to sell the Euro US Dollar (EUR/USD) exchange rate today. As Eurozone coronavirus jitters persist, the Euro (EUR) is recoiling from its best levels while its rival the US Dollar (USD) rebounds from its lows.  Since hitting impressive highs in January, EUR/USD has been gradually trending lower in recent weeks. Last week saw EUR/USD slip from the level of 1.2171 to 1.2137 throughout the week.  EUR/USD has seen even sharper losses this week already though, with the pair losing over half a cent yest...

3 Min Read NEW YORK (Reuters) - The dollar rose to two-month highs against the euro on Tuesday as markets saw the U.S. as likely to rebound sooner than Europe from the coronavirus pandemic. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo The view was bolstered by moves in Washington toward more stimulus spending that contrasted with European lockdowns and expectations for a decline in euro zone GDP in the first three months of this year. Against the dollar, the euro was trading at $1.202 in the afternoon in New Yor...