U.S. Dollar Strengthens Against Euro, Sterling As Markets Wrap
The U.S. dollar strengthened against several major currencies as markets came to a close on Friday. This comes as economists and investors continue to express concern over the lingering uncertainty pertaining to the banking sector.
The dollar index rose 0.536% at 103.140, with the euro...
U.S. Dollar Strengthens Ahead of CPI Data
The dollar continued to hover around a five-week high against a range of major currencies on Monday as investors expect the Federal Reserve to continue its tight monetary policy for longer than was previously expected.
Among those currencies that the dollar performed notably well against...
Dollar Remains Rooted to Seven-Month Low as Euro and Yen Gain Ground
The U.S. dollar fell to a seven-month low against a basket of major currencies on Monday while the euro and the Japanese yen appear to be strengthening. Investors are now awaiting the Bank of Japan's latest moves with regard to its yield control policy.
While...
Dollar and Euro Remain Stable Amid ECB Statement and U.S. Inflation Data
Both the U.S. dollar and the euro held firm on Wednesday as investors assess the latest statements from the European Central Bank (ECB) while awaiting the release of key U.S. inflation data.
French ECB policymaker Francois Villeroy de Galhau stated on Wednesday that interest rate...
Europe Plummets to 20-Year Low Following Russian Oil Ban
The euro hit a 20-year low on Monday, plummeting below $0.99 as natural gas prices soar to new highs. This comes after Russia halted gas supplies via its main pipeline to Europe, the Nord Stream pipeline.
While the Nord Stream was already operating at a...
Euro Dips to 20-Year Low Against USD, Closing in on Parity
The Euro continued its slide against the U.S. dollar on Tuesday to reach its 20-year low. After holding itself around $1.04 in recent days, Euro is now $1.02, which marks its lowest point since November 2002.
There are quite a few reasons for Euro's tumble,...