Euro slips against dollar in London as oil rally lifts greenback

nikkei.com (Japanese) —

The euro fell against the dollar in London trading on September 28, trading at $1.1360-70 by 4:00 PM UK time, down $0.0040 from last week's close, as rising oil prices boosted dollar demand. Crude futures climbed over 4% to $108 per barrel amid uncertainty over Iran, after President Trump indicated he would reject Tehran's ceasefire proposal. The dollar also strengthened against the yen, which fell to 157.50-60 per dollar. Japanese authorities warned against the yen's weakness, with Vice Finance Minister Atsushi Mimura saying the US-Japan message on the currency was "very clear." The euro rose slightly against the yen to 179.00-10, while the pound held steady at $1.3240-50.


With a significance score of 2, this news ranks in the top 25% of today's 33247 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: