Canadian dollar falls for third week on jumbo rate cut bets
The Canadian dollar steadied against its U.S. counterpart on Friday but was on track for its third straight weekly decline, as oil prices fell and investors bet on an unusually large interest rate cut from the Bank of Canada.
Dollar Extends Gains As Rate Cut Expectations Weaken
The U.S. dollar firmed up during the week ended October 11 amidst a weakening in expectations regarding the Fed's monetary easing
EUR/USD continues to slump after ECB rate cut
EUR/USD continues to backslide following the European Central Bank’s (ECB) quarter-point rate trim early Thursday. A lack of bullish momentum has Fiber extending near-term losses, and the pair is down over 3.5% from late September’s peak bids just above 1.1200.
Euro at over two-month lows ahead of likely ECB rate cut; dollar firms
The euro drifted near a more than two-month low on Thursday ahead of an expected European Central Bank rate cut, while the dollar hit its highest in 11-weeks on the prospect Trump, whose policies the market considers more bullish,
EUR/USD: ECB Lowers Rates, Markets Bet on December Cut
EUR/USD collapsed to an 11-week low on Thursday after the European Central Bank lowered interest rates by 25-bps.
Euro Little Moved After ECB Cuts Rates as Expected
The euro continued to trade steady against the dollar, showing little reaction after the European Central Bank delivered another highly-anticipated interest-rate cut.
US dollar buoyed by retail sales data; euro falls as more cuts underway
The U.S. dollar surged to a fresh 11-week high on Thursday after data showed U.S. retail sales rose in September, reinforcing expectations that the Federal Reserve will pursue modest interest rate cuts over the next year and a half as the world's largest economy remained resilient.
Pound Takes a Hit as Euro Gains Strength Ahead of ECB's Historic Rate Cut
Yesterday, the Pound Sterling was the weakest currency in the forex market, primarily due to dismal inflation figures from the UK. This data has increased expectations for the Bank of England (BoE) to lower interest
Euro Falls on ECB Rate-Cut Bets, Resurgent Concerns About Trump Policies
The euro fell to a two-and-a-half-month low against the dollar as investors bet on the ECB cutting rates and considered the prospect of inflationary U.S. policies if Trump becomes president, UniCredit said.
Euro steady as ECB cuts rates; US retail sales boost shares and dollar
The euro was pinned at an 11-week low on Thursday after the ECB cut rates by 25 basis points as expected, while European shares held onto gains on the back of better earnings both at home and from Taiwanese chipmaking giant TSMC.
Dollar jumps as retail sales confirm strong US economy
A much stronger-than-expected jobs report for September raised optimism that the U.S. economy remains in good shape.
Dollar set for third weekly gain as 'Trump trade' gathers pace
The dollar headed for its third weekly gain in a row on Friday, helped by a dovish European Central Bank and strong U.S. data ...
USD/JPY forecast: technical signals point to more yen weakness
The USD/JPY exchange rate continued rising as the US dollar index (DXY) and bond yields rose to the highest point in months.
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USD Exchange Rate: Rupee makes slight gain
The rupee has slightly increased against the USD and declines against euro and other major currencies, according to the ...
legit1d
Dealers Quote Dollar at High Rates in Official, Parallel Markets as Naira Crashes
The Nigerian currency, the naira, depreciated in the official and parallel markets on Wednesday, October 16, 2024, to trade ...
Baht Fluctuates, Peso Treads Water After Interest Rate Cuts
Thailand’s baht flip-flopped after the nation’s central bank surprised investors with its first interest rate cut in more ...
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Convert Euro To United States Dollar
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U.S. Dollar Strengthens As Other Major Central Banks Cut Policy Rates
Following the ECB's rate cut, the Euro and British pound weakened against the U.S. dollar. See more on global economic ...