Euro Gains Ground on Rivals, European and US Stocks Bounce Back From Yesterday's Sell-off

EUR/USD - Euro Climbs to 1.42 as Chinese Talk About Global Reserve Currency Following a move in favor of the greenback yesterday on the back of dips in equity markets amid the close of the second quarter, today saw a return to positive sentiment. The Euro-Dollar pair made up yesterday’s losses and set a new three-week high at the 1.42 level. Demand for higher-yielders was boosted by positive manufacturing data from China, while the greenback was pressured by Chinese comments that they