By Michael Kitchen, MarketWatch
LOS ANGELES (MarketWatch) — The euro moved higher in early Tuesday trading as the dollar slipped, with the moves following European and Asian stock rallies.
The euro EURUSD +0.41% traded at $1.2976 by midday in East Asia, up from $1.2931 in late Monday trade in North America.
The dollar index DXY -0.23% , which tracks the greenback against six rival currencies, fell 0.2% to 80.083, according to FactSet data.
Gains for the euro followed a strong, post-holiday advance for European equities overnight, with the Stoxx Europe 600 index XX:SXXP +1.07% rising 1.1%. Read more on Monday’s European stock action.
Asian stocks also gained, with Hong Kong’s Hang Seng Index HK:HSI +2.04% finishing the Tuesday morning session 2.1% higher. Read more on Asian stock moves.
The Japanese yen USDJPY -0.1881% edged higher, with the dollar falling to ¥76.84 from ¥76.90 late Monday.
The British pound GBPUSD +0.3991% rose to $1.5527 from $1.5507, while the Australian dollar AUDUSD +0.6645% climbed to $1.0290 from $1.0228
Michael Kitchen is Asia editor for MarketWatch and is based in Los Angeles.
