Euro at one-week high

LONDON, July 18 (Reuters): The euro firmed to a one-week high on Monday, benefiting from the dollar's retreat after several Federal Reserve officials signaled they did not favour stepping up the rate hiking pace.
The comments late last week knocked the dollar off two-decade highs and boosted global stocks and non-dollar currencies, especially the euro. The mood was also broadly helped by stimulus support signals from China.
The greenback index, measuring its rate against six global currencies, is now almost 2 per cent off last week's peak and by 1030 GMT, stood 0.5 per cent lower at 107.27.
The euro, the main component in that index, firmed 0.7 per cent at $1.016, having plunged last week below parity to the dollar.
"With equity markets still in positive territory, risk appetite is back so the comments from Fed governor (Christopher) Waller, ramming back on the 100 bps rise, have had the desired impact," said Derek Halpenny, head of research at MUFG.