Euro strengthens versus US Dollar amid risk aversion

Source: FXstreet
© ScanPix/Reuters
The shared currency rose against the Greenback on Tuesday, as the recent turmoil in commodity prices prompted investors to run to save havens, such as the Euro and the Yen. The EUR/USD pair climbed 0.19% to $1.1275 by 07:09 AM GMT. The risk aversion hit the market amid the renewed rout in commodities on the back of a slump in the Chinese industrial sector, which revived concerns over global growth.
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