Euro jumps versus Greenback as China meltdown weighs

Note: This section contains information in English only.
Source: FXstreet
The shared currency rose against the US Dollar on Monday, as the turmoil in Chinese stock markets raised concerns over the health of the global economy, diminishing the prospects of the rate hike in the US. The EUR/USD pair was seen 0.98% higher at $1.492 by 07:38 AM GMT, trading near its seven-month high. Meanwhile, the analysts expect further strengthening of the Euro amid the risk-off sentiment in currency markets. 
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