Euro Rises on US-EU Framework Trade Agreement, Dollar Index Declines

The European currency, the euro, rose on Monday following the announcement of a framework trade agreement between the United States and the European Union.

The euro rose 0.25% so far in Asia, settling at $1.1763 in morning trading. The single European currency also rose 0.2% to 173.78 yen.

The dollar index, which measures the greenback’s performance against major currencies, fell 0.1% to 97.534.

The Japanese yen remained unchanged at 147.68 yen per dollar, while the British pound fell by nearly 0.1% to trade at $1.34385.

The Australian dollar was up 0.2% at $0.6576, while the New Zealand dollar was steady at $0.6019.