Euro Jumps on Hawkish ECB Signals, Weakening Dollar

Euro Jumps on Hawkish ECB Signals, Weakening Dollar
U.S. Dollar and Euro banknotes are seen in this illustration taken on July 17, 2022. Dado Ruvic/Reuters
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TOKYO/LONDON—The euro jumped to a more than three-week peak versus the dollar on Monday, as European Central Bank officials argued for further aggressive monetary tightening and the greenback softened against most majors except the under-fire Japanese yen.

The European common currency rose around 1.5 percent to $1.0198, its highest since Aug. 17, and well up from a 20-year trough of $0.9862 hit last week. It was last up 0.88 percent at $1.01345.