The Euro (EUR) trades 0.21% higher at around 1.1710 against the US Dollar (USD) during the European trading session on Friday, the highest level seen in over three months. The major currency pair climbs higher as the US Dollar (USD) underperforms due to multiple headwinds, notably United States (US) Treasury Department’s decision to double down on its bond-buying operations and receded hawkish Federal Reserve (Fed) bets.
At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, is down 0.17% to near 98.67. The USD Index attracts slight bids after revisiting the fresh three-month low at 98.56…
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