The 16-nation currency bought $1.3629, slightly below the $1.3634 it fetched in New York late on Friday. However, it did not repeat Friday’s temporary slide below $1.36.
The euro and the pound remained under pressure yesterday, edging lower against the dollar as concerns over government debt in Europe continued into a new week, but share prices on most European markets stabilised after last week’s losses.
The 16-nation currency bought $1.3629, slightly below the $1.3634 it fetched in New York late on Friday. However, it did not repeat Friday’s temporary slide below $1.36.