(RTTNews) - The euro traded mixed against other major currencies during early European deals on Monday. The euro pared its recent gains against the pound and the franc, but declined against the yen. However, the euro recovered its recent losses against the U.S. dollar.
European stocks rose today in early trade, with banks and commodity stocks taking the lead as investors awaited the
euro zone finance ministers meeting.
In early deals, Germany's DAX climbed 0.5%, France's CAC-40 index jumped 0.8% and U.K.'s FTSE 100 index rose 0.7%.
The euro pared its recent gains against the pound during early European session on Monday. The euro slipped to 0.8673 at 4:00 am ET, moving down from 0.8705 hit earlier. Presently, The euro-pound pair is trading near Fridays' New York session close of 0.8674.
The euro lost some its late Asian session gains versus the Swiss currency during early European deals on Monday. Moving down from a high of 1.4681 touched at 12:55 am ET, the euro reached a low of 1.4655 at 4:30 am ET. As of now, the euro is trading at 1.4656 against the franc, compared to Friday's New York session close of 1.4666.
On Monday, against the yen, the euro extended its Asian session's downtrend during early European deals. At 4:30 am ET, the euro fell to 122.43 against the yen. The current quote for the euro-yen pair is 122.45, compared to Friday's close of 122.67.
The euro recovered its recent losses against the U.S. dollar during early European deals on Monday. The euro drifted higher to 1.3610 at 4:15 am ET, moving up from 1.3594 hit earlier. As of now, the euro is worth 1.3608 against the greenback, compared to Friday's close of 1.3623.
The U.S. financial markets are closed today in observance of Presidents Day.
