Earlier, in the forex markets, the pound-to-euro (GBP/EUR) currency pair exchange rate recovered slightly from the losses it has recorded, despite the firm German data going above expectations. The euro (EUR) was unable to have firm highs versus the sterling (GBP) amid trade war fears. Meanwhile, the GBP/EUR currency pair plunged from 1.1121 to 1.0946 …
Pound to Euro Exchange Rate Regains in the Forex Market Read More »
This morning in the forex markets, despite the firm German data above expectations, the pound-to-euro (GBP/EUR) currency pair exchange rate recovered slightly from the losses it recorded the previous day. Meanwhile, the euro (EUR) was incapable of holding its highs versus the sterling (GBP) amid trade war fears. Last week’s GBP/EUR currency pair plunged from …
Pound to Euro Exchange Rate Regains in the Forex Markets Read More »
In Europe, the U.S. dollar kicked its highest level in two months. It has resumed an upward trend versus both the euro and sterling after weak performances on Thursday. During Asian trading, the dollar index, which tracks the greenback versus a basket of developed-market peers, gained 97.627. It was also increasing just above level 4, …
On Thursday, the euro value was on a two-month low, ahead of a European Central Bank summit. Growth in the currency zone weakens, and this could indicate monetary easing. Opinions toward the single currency took a setback. It was after data showed Germany’s manufacturing sector contracted at the fastest pace in seven years. Meanwhile, French …
On Monday, the dollar strengthened against the yen on the forex markets. Investors toughened outlooks for an aggressive Federal Reserve interest rate cut later this month. The dollar grew 0.2% versus the yen to 107.92 due to the rise in U.S yields. Friday’s modest gains were pushed by the benchmark 10-year Treasury yield and scaled …
On Wednesday, fears over a “Hard Brexit” and a probable general election took a higher risk premium for all sterling assets in the forex markets. In addition, the British pound plunged to its lowest in more than two years in early trading in Europe. In a news report, Boris Johnson called for a general election, …
Political Risk Affects Sterling in the Forex Markets Read More »
On Tuesday in the forex markets, the pound fought a nearly six-month low versus the dollar. The constant worries over Brexit blocked the balanced on the euro. As the interest rate outlook of the Federal Reserve remains in keeping the greenback on the resistance, the dollar struggled for traction versus the yen. The pound decreased $1.2515 after …
Forex Markets: Sterling Weakens as Dollar Strengthens Read More »
After the better-than-predicted economic data out of China easing concerns over the global economic slowdown. The dollar weakened versus the euro and yuan on Monday in Europe. According to the official data released, since quarterly records began, China’s economy grew at the slowest pace from three months to June. Last year, the gross domestic product …
Currency: Yuan, Euro Rises, Dollar Slips amid China’s Data Read More »
The toughened U.S. inflation data and the aggressive outlook of Federal Reserve regarding the interest rate cut have recovered the dollar, which gained some traction against other currencies later this month. Meanwhile, the dollar was steady on Friday. In June, the leading U.S. consumer price index gained 0.3% apart from food and energy components. On …
The Federal Reserve Chairman Jerome Powell dropped the most definite hint about the central bank on the next policy meeting about cutting interest rates at the end of the month. Meanwhile, the dollar was weaker in the early trading in Europe on Thursday as the losses were extended. Recovering from an overnight low of 96.463, …
Joining the chorus of European finance chiefs in praising Christine Lagarde’s candidacy for the ECB’s top job was the former head of the European Central Bank (ECB). Jean-Claude Trichet managed the Frankfurt-based central bank from 2003 to 2011. Also, a French economist said regarding Lagarde’s experience in France as a finance minister as well as …
The forex markets are all up and about today, with various analyses coming in for the weakening of the dollar. Wall Street analysts are speculating on various scenarios in which US President Donald Trump may take his quest to weaken the greenback to a whole new level. Analysts from various departments are contemplating the possibility …
Forex Markets Run on Notions to Weaken the Dollar Read More »
Foreign exchange market: The dollar reached near three-week high as U.S. job gains weaken Fed rate cut. Click here! – Wibest Broker
On Thursday, falling Treasury yields fueled expectations the U.S. Federal Reserve will cut interest rates this month for the first time in a decade. Meanwhile, trading near a one-week low, the dollar was threatened versus the yen. Also, to boost the global economy, U.S. Treasury yields declined to the lowest in more than 2-1/2 years …
Federal Reserve Rate Cut Expectations Loom over the Dollar Read More »
On Tuesday in Asia, after the Reserve Bank of Australia cut interest rates, the Aussie dollar gained. Meanwhile, the U.S. dollar plunged with the ongoing trade cease-fire between the U.S. and China. The greenback, which is against a basket of other currencies, glided 0.1% to 96.352 as tracked by the U.S. dollar index. U.S. President …
Reserve Bank of Australia: US Dollar Weakens, AUD Strengthens as RBA Cuts Rates Read More »
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