Euro Slides Against Majors
The euro weakened against other major currencies in the European session on Wednesday. The euro fell to an 8-day low of 0.8685 against the pound and a 5-day low of 1.
Source: rttnews.com
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U.S. Dollar Climbs Amid Middle East Tensions
The U.S. dollar was higher in the European session on Monday, as geopolitical tensions in the Middle East heightened following Hamas' violent attack on Israel over the weekend.
Source: rttnews.com
U.S. Dollar Climbs In Cautious Trade
The U.S. dollar was higher in the European session on Monday, amid the Federal Reserve's stance of higher-for-longer interest rates and concerns about the property market in China.
Source: rttnews.com
Euro Lower As ECB Hints At Pause In Rate Hikes
The euro declined against its major counterparts in European deals on Thursday, as the European Central Bank raised interest rates by 25 basis points, but hinted at a pause in the tightening cycle as the bank estimates that the current level of interest rates if maintained for long would ensure a timely return of inflation to the target.
Source: rttnews.com
U.S. Dollar Lower Ahead Of Inflation Data
The U.S. dollar fell against its most major rivals in the European session on Monday, as investors await U.S. inflation data that could influence the Federal Reserve's interest rate path for the rest of the year.
Source: rttnews.com