The euro plummeted on Thursday after the European Central Bank reiterated its plans to unwind stimulus slowly. It kept its policy stance broadly unchanged at its meeting. The common currency turned negative, dropping by 0.1% to $1.08820 after the ECB confirmed its plans to cut bond purchases this quarter. The latter are commonly known as …
Euro struggles while USD rallies. How is rouble faring? Read More »
The Japanese yen plunged lower than 126 per USD on Wednesday, falling so deep for the first time since 2002. The euro also traded at a one-month low today. Investors bought the greenback after hawkish comments by Federal Reserve officials. The prospect of fast and aggressive U.S. interest rate hikes, along with growing FX market …
The Japanese yen hit a record low Wednesday. Why’s that? Read More »
The euro lost post-French election gains on Tuesday. It tumbled down against the strengthening dollar, which rallied thanks to high bond yields ahead of U.S. inflation data. Analysts expect the latter to reinforce bets on aggressive monetary tightening. The data for March is due at 1230 GMT. It will likely show the biggest monthly rise …
Major currencies dropped against USD Tuesday. Why’s that? Read More »
The Euro seemed set to rebound from a seven-day losing streak against the U.S. dollar on Monday. The common currency surged forward after Emmanuel Macron beat far right challenger Marine Le Pen in France’s first round of presidential voting. Before the elections, traders’ concerns about the future direction of the eurozone’s second-biggest economy have weighed …
Euro rebounded on Monday while the Yen hit the deep red Read More »
The U.S. dollar index skyrocketed to 100 for the first time in almost two years on Friday. The prospect of a more aggressive pace of Federal Reserve interest rate hikes supported the currency. As a result, the dollar has gained ground on a basket of other major currencies over the past month, particularly against the …
U.S. dollar hit a new high Friday. What about the Euro? Read More »
The U.S. dollar surged forward on Thursday, heading towards a two-year high against a basket of major currencies. The Federal Reserve’s meeting minutes showed the agency is preparing to move aggressively to fight inflation. Unlike the dollar, commodity-linked currencies declined. The euro also traded near a one-month low below $1.09 as market players await European …
U.S. dollar skyrocketed Thursday while Aussie and Kiwi fell Read More »
The euro firmed on Wednesday after plunging to its lowest level in a month against a strengthening greenback. The upcoming French presidential election and the prospect of new Western sanctions on Russia added to pressure on the common currency. However, it climbed up by 0.06% to $1.09130 versus the dollar today, after briefly hitting a …
Euro firmed while USD fell. Traders await Fed’s decisions Read More »
On Tuesday, the euro traded in the red while the Swiss franc and the Swedish crown rallied. The upcoming French election, along with the chance of more sanctions against Russia, unnerved investors. French financial markets contemplate the possibility of far-right candidate Marine Le Pen winning over President Emmanuel Macron in this month’s elections. Tuesday’s session …
Australian dollar rallied while euro continued its decline Read More »
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