Euro rose on Thursday against a basket of global currencies to continue its gains for the second day in a row against USD, as US currency levels continue to drop against a basket of major and minor currencies, especially after the losses of US stocks on Wall Street, A solution to the Italian budget dispute is reached.

Euro rose against the dollar by more than 0.2% as of 08:15 GMT, trading at $ 1.1405, the opening price of $ 1.1380, the highest at $ 1.1412 and the lowest at $ 1.1380.

Yesterday,Euro gained 0.1% against the dollar, resuming gains that ended the day before as a correction and reap a profit from a two-week high of $ 1.1472.

The dollar index fell more than 0.1% on Thursday, extending losses for the second day in a row, reversing the continued decline of the US currency against a basket of major and minor currencies, especially after the loss of US stocks on Wall Street.

The US currency has been under negative pressure since late last week as a number of Federal Reserve members expressed concern about the global economic slowdown and its potentially negative impact on the US economic growth path.

In Italy, the country’s stock market led by the banking and financial sector rose after reports that Deputy Prime Minister Mateo Salveni might be ready to review the government’s budget for 2019.

Investors are looking forward to important data on the major industrial and service sectors of the European economy in November, a positive outcome that will reduce fears of a slowdown in the Eurozone economy during the fourth quarter of this year.