Euro Eases Against Dollar As Investors Await Clues On ECB Interest Rate Path
The euro fell against the US dollar on Wednesday as investors looked toward incoming market and inflation data in an effort to uncover clues as to the path that the European Central Bank (ECB) and the Federal Reserve will take with regard to their...
Euro Slips Amid ECB Rate Talks
The Euro fell on Friday to its lowest level in mid-June amid growing expectations that the European Central Bank could soon pause interest rate hikes. This comes ahead of Friday's speech by Federal Reserve chair Jerome Powell, with the US central bank to continue...
Euro Steadies as ECB President Promises Further Rate Hikes
The euro remained steady on Thursday after European Central Bank (ECB) President Christine Lagarde announced that further interest rate hikes would be implemented as inflation in the eurozone remains stubbornly high.
Eurozone inflation decreased from 7.0% to 6.1% in May, beating estimates of 6.3% from...
Euro Gains Ground Against Dollar Following Release Of Inflation Data
The euro rose to a one-week high against the dollar on Thursday following the release of positive inflation data from Germany. The data helped to ease investor concerns over the banking sectors well as lift the EU currency.
German inflation edged lower as energy prices...
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...