Heather Erickson

The euro was steady on Wednesday, but it traded lower from a three-week high reached recently. The European Central Bank President Christine Lagarde dialed down bets for an aggressive interest rate increase in the market. On the other hand, the U.S. dollar traded flat today. Investors now await the release of U.S. consumer price data. …

Euro firmed Wednesday, while U.S. dollar remained flat Read More »

The Euro plummeted down for a second straight day on Tuesday. European Central Bank President Christine Lagarde announced that there is no need for significant monetary policy tightening in the eurozone, sending the currency in the red. Bond yields soared, and the common currency showed its best weekly performance since March 2020 last week. That …

Euro Declined Tuesday while the Aussie Dollar Fluctuated Read More »

The Euro plummeted down from a three-week high on Monday as the strong U.S. jobs data supported the U.S. dollar ahead of inflation figures due later this week. The latter will likely cement a March U.S. Federal Reserve rate hike expectations. The European common currency declined by approximately 0.14%. It dropped to as low as …

U.S. dollar gained Monday while Euro fell after recent rally Read More »

The Euro remained on track for its best week against the U.S. dollar since the coronavirus pandemic hit on Friday. A hawkish turn by the European Central Bank (ECB) supported the currency. Soaring inflation across many global economies has forced various central banks to tighten monetary policies. Before that, the banks had dramatically loosened these …

Euro and EM currencies gained Friday while the dollar fell Read More »

The euro declined slightly on Thursday ahead of a meeting of the European Central Bank. The latter might signal a faster-than-expected monetary tightening to hinder rising inflation. Souring risk appetite in the forex market supported the U.S. dollar today. Analysts expect the ECB to keep policy unchanged on Thursday. However, the bank may also be …

Euro fell Thursday while the USD soared. What about Sterling? Read More »

The euro rallied for a third consecutive day on Wednesday. It soared from a 20-month low last week. Eurozone inflation surged to a new record last month, bolstering bets the European Central Bank might raise interest rates sooner than expected. In January, price growth reached 5.1%, soaring more than twice the ECB’s 2% target. The …

Euro skyrocketed Wednesday along with Sterling and Rouble  Read More »

The U.S. dollar plummeted down for a second straight session on Tuesday, lowering from the 19-week peak reached at the end of January. Meanwhile, riskier currencies such as the Australian dollar and the British pound surged forward. After dropping almost by 5% in January, world equities firmed slightly in February, with currency markets also changing …

Dollar plunged into deeper red Tuesday while Euro rallied Read More »

The U.S. dollar plummeted on Monday, lowering from a 1-1/2 year high reached on Friday. Over the weekend, hawkish comments by a Federal Reserve official pushed the U.S. yield curve to its flattest levels in almost three months. After last week’s meeting, the agency clearly telegraphed a March interest rate hike. Despite that, some traders …

U.S. dollar fell while the Russian rouble rallied Monday Read More »