Forex
Euro Rebounds Against Dollar as Inflation Fears Intensify
The euro rose against major currencies in European trading on Monday, resuming gains against the US dollar that had stalled on Friday.
It approached its highest level in nearly two weeks, supported by a weaker US currency at the start of the week.
With global energy prices rising, inflationary pressures on European Central Bank policymakers are intensifying, reinforcing expectations for a European interest rate hike in September.