The euro fell 0.14% to $1.1090, shy of the two-year low of $1.1025 it reached on Aug. 1. Friday's fall was caused by growing expectations of an interest rate cut by the European Central Bank after Governing Council member Olli Rehn suggested on Thursday that the central bank could restart its quantitative easing program and was open to extending it into equity... * More Details Here
FOREX-Dollar, euro hold steady ahead of ECB meeting
NEW YORK, July 22- The dollar and euro were little changed on Monday as traders wait for decisions from the U.S. Federal Reserve and the European Central Bank on how much and how fast they may reduce interest rates, beginning with the ECB on Thursday. "Our base case for the ECB could see some small upside in unless the Governing Council delivers a strongly dovish... * More Details Here
FOREX-Rebounding dollar sends euro, sterling to 2 1/2-year lows
*Euro plunges to 26- month low vs dollar. LONDON, Aug 1- Gains in the dollar after the Federal Reserve sounded cautious on more rate cuts sent the euro to a 26- month low on Thursday, as investors decided a lengthy U.S. easing cycle was unlikely. "It's not the beginning of a long series of rate cuts," Fed Chairman Jerome Powell said after the Fed's decision, although he added, "... * More Details Here
The euro keeps showing strength against the U.S. dollar, indicating a shift to a larger risk appetite among global markets. Yesterday (June 2), EUR/USD climbed 0.3% to 1.1172, the highest closing level since March 12. The market made up its mind these days, and the American dollar stands victorious. The EUR/USD pair plummeted to 1.1615, its lowest level since late J EUR/USD Weekly Price Forecast – Euro Gets ... EUR/USD is the most popular pair for Forex currency traders worldwide and with good reason. Trading Euro to US dollar (or vice versa) gives currency traders the opportunity to make use of the world’s two largest economies and to take advantage of the volatility and liquidity intrinsic to this pair. EUR USD (Euro / US Dollar) The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999. Interesting facts. EUR/USD is one of the most traded currency pairs in the world. It represents the value of the US dollar per one euro. The euro is a relativity new currency when compared with the other majors, it was established by the provisions in the 1992 Maastricht Treaty and is managed by the European Central Bank (ECB) and the Eurosystem (comprised of the central banks of the eurozone).
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