Euro rose on Friday against a basket of world currencies to widen its gains for the fourth day in a row against the US dollar, hitting a three-week high, on the verge of achieving its third consecutive weekly gain, drawing on Germany’s political crisis over immigration. Resolve the trade dispute between the EU and the United States.

Euro rose against the dollar by 0.2% as of 07:15 GMT, trading at $ 1.1710, the opening price of $ 1.1689, the highest at $ 1.1726 since June 14 and the lowest at $ 1.1680.

Euro ended yesterday’s trading up 0.3% against the dollar, its third straight daily gain, as the greenback continued to slide against most major and major currencies, and supported strong data from German factory orders in May.

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Over the course of the week, the euro has soared by more than 0.3% against the dollar, which is about to make its third consecutive weekly gain after resolving a transient crisis in Germany related to migration between Chancellor Angela Merkel and Interior Minister Horst Siehofer.

The European currency has also benefited from signs of a solution to the EU-US trade dispute over car tariffs.

Reports have indicated that German automakers are willing to cancel European tariffs on cars imported from the United States. Reports indicate that the US ambassador in Germany told managers of German automakers that President Donald Trump would suspend tariff threats on vehicles imported from the EU, The union also canceled tariffs on US cars.

US President Donald Trump last month threatened to impose tariffs of up to 20 percent on all EU vehicles.

The Dollar Index fell more than 0.1% on Friday, extending losses for a fourth straight day, reversing the continued decline of the greenback against a basket of currencies led by the Euro and the British Pound. The decline comes ahead of the release of the monthly jobs data in the United States, The pace of raising US interest rates during the year.