The euro jumped against the dollar on Thursday as growing losses on
Wall Street led investors, who had held euro-funded positions in which
the low-yielding currency is borrowed and sold in favor in
higher-yielding ones, to buy back the euro.
Major U.S. stock indexes .DJI .SPX .IXIC fell more than 2 percent on worries about the Chinese economy and falling oil prices. US/
The euro was up more than 1 percent against the greenback at $1.0896 EUR= ; it hit a one-month low of $1.0709 two days ago.
The single currency EURJPY= was up 0.4 percent at 128.14 yen, rebounding from 126.75 yen, which was the lowest level since mid-April set earlier on Thursday.
SELL GBPINR BELOW 99.70 TGS 99.60-99.50-97.20 STOPLOSS 97.90
Major U.S. stock indexes .DJI .SPX .IXIC fell more than 2 percent on worries about the Chinese economy and falling oil prices. US/
The euro was up more than 1 percent against the greenback at $1.0896 EUR= ; it hit a one-month low of $1.0709 two days ago.
The single currency EURJPY= was up 0.4 percent at 128.14 yen, rebounding from 126.75 yen, which was the lowest level since mid-April set earlier on Thursday.
SELL GBPINR BELOW 99.70 TGS 99.60-99.50-97.20 STOPLOSS 97.90
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