India, June 11 -- The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
If approved, the deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
In the European trading today, the euro rose to more than a 1-month high of 0.8478 against the pound and more than a 7-month high of 165.91 against the yen, from early lows of 0.8464 and 165.39, respectively. If the euro exten...