Ammon News - The euro edged higher on Monday after news of a framework trade pact stuck between the United States and the European Union, the latest in a flurry of deals to avert a global trade war, while central bank meetings in the US and Japan also come into focus.

Meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen said the deal provided for an import tariff of 15% on EU goods, half the rate Trump had threatened from August 1.

The euro stood at $1.1753 , up 0.1% after initially rising 0.3%. The common currency strengthened 0.2% to 173.64 yen , climbing for a fifth straight session to a fresh one-year high.

The dollar was little changed at 147.65 yen . The dollar index , which tracks the greenback against major peers, was flat at 97.582.

Both the Fed and the Bank of Japan are expected to hold rates steady at policy meetings this week, but traders will watch subsequent comments to gauge the timing of the next moves. Reuters