Euro Holds Below $1.06 as Lagarde Sticks to Script

Euro Holds Below $1.06 as Lagarde Sticks to Script
A shopper pays with a ten Euro banknote at a local market in Nice, France, on June 7, 2022. Eric Gaillard/Reuters
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LONDON—The Aussie and the Canadian dollar climbed on Tuesday on firmer oil prices while the euro held below $1.06 as European Central Bank (ECB) President Christine Lagarde offered no fresh insight on the central bank’s policy outlook.

Oil prices are up 10 percent in barely a week on supply constraint concerns with Brent crude holding near $117 levels pushing the Canadian dollar and the Australian dollar up 0.3 percent and 0.4 percent respectively versus the greenback.