Dollar up vs euro but remains on track for weekly loss after inflation data

Summary by Ground News

Dollar pared gains against the euro on Friday after U.S. data showed personal consumption expenditure growth slowed in February. The euro was 0.17 per cent lower at $1.08855 after the data. Earlier in the session data showed euro zone inflation dropped by the most on record in March.

Published 2 months ago · New York, United States

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Reuters

Dollar up vs euro but remains on track for weekly loss after inflation data

The dollar rose against the euro on Friday but was on track for its fifth straight weekly loss against the common currency, after slower U.S. consumer spending growth boosted hopes the Federal Reserve would be less aggressive in hiking interest rates.

2 months ago·United Kingdom

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The Star Kuala Lumpur

U.S. dollar rises amid inflation data

NEW YORK, March 31 (Xinhua) -- The U.S. dollar strengthened in late trading on Friday as market participants digested a key U.S. inflation report. Read full story

2 months ago·Malaysia

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Channel News Asia

Dollar pares gains vs euro after US inflation data

NEW YORK : The dollar pared gains against the euro on Friday after U.S. data showed personal consumption expenditure growth slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. The euro was 0.17 per cent lower at $1.08855 after the data. The common curren

2 months ago·Singapore

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Financial Post

Dollar to log quarterly drop as rate hike bets recede

SINGAPORE -- The dollar tracked toward a second consecutive quarterly loss on Friday, as investors see U.S. interest rates close to peaking and expect the dollar's yield advantage is in decline.

2 months ago·Canada

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The Epoch Times

Euro Rises as Eurozone Countries Report Inflation Data

LONDON/SINGAPORE—The euro was set for its best week since mid January on Friday ahead of inflation data that will shape the ECB’s interest rate plans, while investor expectations U.S. rates are near peaking meant the dollar headed for a second consecutive quarterly loss. The European common currency was at $1.0883, down 0.2 percent on the day, but heading for a 1.1 percent weekly gain, its most in 11 weeks, as well as monthly and quarterly incre…

2 months ago·New York, United States

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