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The euro hits its 2-month minimum on Wednesday. This time markets waited the ECB’s stance on monetary policy. Expectations were all around interest rates’ decline and global easing tendention. The currency changed its value to dollar from $1,1144 to $1,1147. The figure was lowest since the end of May. The euro also reduced by 0,5% the previous day. The European Central Bank will hold a meeting on 25 July. Previously the market expected the CB to cut interest rates, but now analysts are not sure about that. The ECB is still expected to ease monetary policy in September.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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