In morning trading, the 13-nation euro bought US$1.3188, compared with the US$1.3243 it bought in New York late Tuesday, after China's stock market plunged from record highs amid concerns that the government could raise interest rates or reduce money available for lending in an effort to slow its booming economy.
The Shanghai Composite Index rose 3.9 percent Wednesday to close at 2,881.07, rebounding from its 8.8 percent plunge Tuesday its biggest drop in a decade.
While several Asian markets trimmed big early losses by afternoon, nervous investors were still wary of whether the slump signaled the beginning of a downward spiral or just a one-time jolt to cool overheating markets, reports AP.
In Europe, Britain's benchmark FTSE 100 Index was down 1 percent to 6,224.40 in morning trading, as the British pound fell to US$1.9552 from US$1.9632 the day before.
The dollar rose to 118.58 Japanese yen from 118.22 yen.
Russian Foreign Minister Sergei Lavrov stated that Vladimir Putin and Donald Trump, as well as the military of the two countries, will never let a military confrontation spark, but...
An attack is under way against the truth-seeking social media practising data democracy. What is unacceptable is that the liars accuse the truthseekers of lying
On April 20, Russian Foreign Minister Sergei Lavrov confirmed that Russia could supply air defense systems to Syria