XE Market Analysis: North America – Oct 20, 2020

The euro has rallied against peer currencies. The common currency was showing, as of the late London morning, a near 0.5% gain on the dollar, and slightly more than this in the case against the yen, alongside gains of 0.7% and 0.9% versus the Australian and New Zealand dollars. EUR-USD printed a one-week high at 1.1818 while EUR-JPY ascended into eight-day high terrain. Underpinning was the EU’s first offering of social bonds designed to finance a jobs program received orders of more than EUR 233 bln.