Category: euro
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US easing cycle to weaken dollar, help euro to rise: UBS By Investing.com
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The U.S. Federal Reserve’s monetary easing cycle that began on Wednesday should weaken the U.S. dollar and thus help the euro rise, UBS strategists said in a note. The Federal Reserve began its easing cycle by cutting interest rates by 50 basis points at its September meeting, and is expected…
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BNP Paribas says euro could rise, not fall, if recession hits By Reuters
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LONDON (Reuters) – The euro could rise against the dollar if a global recession hits, BNP Paribas (OTC:) Markets360 said, marking a break from previous trading dynamics. Sam Linton-Brown, the bank’s head of global macroeconomic strategy, offers a number of reasons behind what he describes as one of the team’s…
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Euro gains after ECB rate cut as Lagarde pushes back on October ease By Reuters
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By Gertrude Chavez-Dreyfus and Chibuike Oguh NEW YORK (Reuters) – The euro rose against the dollar on Thursday after the European Central Bank cut interest rates and its president, Christine Lagarde, tempered expectations for another cut next month, saying the bank would let economic data dictate the next policy move.…
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Dollar retreats ahead of Fed meeting; Euro, sterling rise By Investing.com
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Investing.com – The U.S. dollar fell on Monday, while the euro and the British pound rose, ahead of the expected start of the Federal Reserve’s interest rate cutting cycle later this week. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Mastercard Launches Euro Denominated Non-Custodial Bitcoin Debit Card
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Mastercard has partnered with Mercury, a Bitcoin and cryptocurrency payment services company, to launch a euro-denominated debit card that will allow users to spend Bitcoin and cryptocurrencies directly from non-custodial wallets, According to Cointelegraph. BREAKING: ?? Mastercard launches non-retention Euro card #Bitcoin And the encrypted debit card. They have over…
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US dollar little changed after hitting a 2-week high against the euro By Investing.com
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The US dollar hit a two-week high against the euro, as investors prepared for a week of important data, including the US jobs report due on Friday. At 18:40 ET (22:40 GMT), the pound was little changed at 1.1046, down 0.1% at 145.31. This jobs report is expected to have…
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Political Polarization in Europe threatens Euro stability amid rising extremism By Investing.com
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Macquarie noted on Tuesday that the euro is facing increasing pressure as political polarization in Europe, particularly in Germany, increases, raising concerns about the currency’s stability. Recent local elections in Germany, where far-left and right-wing parties won nearly half the votes in the states of Thuringia and Saxony, have deepened…
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Dollar edges lower ahead of payrolls; euro benefits By Investing.com
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Investing.com – The U.S. dollar was slightly lower on Monday in light holiday-affected trading, as traders awaited key labor market data for clues on a potential interest rate cut by the Federal Reserve. At 05:55 ET (09:55 GMT), the dollar index, which tracks the greenback against a basket of six…
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Forexlive European FX news wrap 29 Aug – Euro moves lower on soft German inflation figures
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Dollar edges higher ahead of key data; euro weakens on German inflation By Investing.com
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Investing.com – The U.S. dollar edged higher on Thursday, recovering from recent lows ahead of a series of key economic readings, while the euro retreated. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 101.182, after…
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Bullish euro momentum, buy EUR/SEK
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Investing.com – The euro is enjoying bullish momentum at the moment, according to Bank of America Securities, and this looks likely to continue. The sell-off in the US dollar was undoubtedly the focal point of the foreign exchange market in August, while investors may not have sufficiently appreciated the broad…
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Dollar edges lower ahead of Jackson Hole; euro, sterling higher By Investing.com
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The US dollar fell in early European trading on Friday, as the recovery from seven-month lows faltered ahead of Federal Reserve Chairman Jerome Powell’s much-anticipated speech at the Jackson Hole Symposium. At 04:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Euro bounces from 1.11 | Forexlive
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Yesterday, the euro touched a one-year high, rising for a fourth straight day. Much of the rally was driven by broad-based dollar weakness, but the market is also taking comfort in the idea that the eurozone is not headed for an ugly economic outcome. Eurozone consumer confidence data released today…
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Euro and pound hold near 13-month highs, euro zone data in focus By Reuters
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By Kevin Buckland and Alun John TOKYO/LONDON (Reuters) – The euro held near its highest in more than a year against the dollar on Thursday after strong euro zone business activity data and ahead of euro zone wage figures that will shape the European Central Bank’s interest rate path. The…
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Dollar hits year low versus euro as traders await data and Powell By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar fell to its lowest level this year against the euro on Wednesday as traders braced for potentially crucial revisions to U.S. jobs data later in the day, ahead of a speech by Federal Reserve Chairman Jerome Powell at the end of the…
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Dollar slips lower on rate cut expectations; euro nears this year’s high By Investing.com
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Investing.com – The U.S. dollar fell on Tuesday, approaching a seven-month low amid growing conviction that the Federal Reserve will cut interest rates in September. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 101.667, trading…
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Pound ticks up after British GDP data, euro holds above $1.10 By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – Sterling edged up on Thursday after strong British GDP data, while the euro held above $1.10, close to a more than seven-month high hit the previous day, supported by data showing slowing U.S. inflation that boosted expectations for a Federal Reserve interest rate…
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The euro has now erased all of this year’s losses
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EURUSD daily The euro has now returned to stability during the year. It opened at 1.1036, dropped to 1.0601 on April 15, and has now risen to its highest level. There is some resistance at the December high of 1.1139 followed by last year’s high of 1.1276. The latest move…
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Exclusive-Billions in dollar and euro notes reach Russia despite sanctions By Reuters
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By Gleb Stolyarov, Philip Lebedev and Alexander Marrow LONDON (Reuters) – About $2.3 billion in dollar and euro banknotes have been shipped to Russia since the United States and European Union banned exports of their banknotes there in March 2022 after the invasion of Ukraine, according to customs data seen…
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Dollar rebounds after hefty losses; euro, sterling slip By Investing.com
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The US dollar rose on Tuesday, recouping some recent losses as a measure of calm returned to foreign exchange markets. At 06:20 ET (10:20 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.4% at 102.907, after falling to a seven-month low…