Washington - Saba:
The euro rose on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest in a series of agreements aimed at averting a global trade war.
This rise comes after US President Donald Trump and European Commission President Ursula von der Leyen announced during their meeting in Scotland on Sunday the agreement, which will lead to the imposition of 15 percent tariffs on EU goods, half the rate Trump had threatened to impose, starting August 1, according to the Oman News Agency.
Meanwhile, investor attention shifted to corporate earnings and central bank meetings in the United States and Japan.
The euro stabilized at $1.1763, up 0.2 percent so far in Asia. The single European currency rose 0.2 percent to 173.78 yen.
The dollar rose on Friday, supported by strong economic data that suggested the Federal Reserve may be slow to resume cutting interest rates.
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