Dollar Gains, Euro Slips After Expected ECB Rate Increase
The dollar gained as traders weighed the ECB’s rate hike, a 6.3% jump in Brent crude and higher global bond yields.
8 Articles
8 Articles
Dollar gains, euro slips after expected ECB rate increase
NEW YORK/LONDON, Sept 10 : The dollar rose against major currencies on Thursday, reversing some of this week's losses triggered by rising oil prices and global bond yields, while the euro fell after the European Central Bank delivered an expected rate increase.The ECB raised interest rates on Thursday for the
Euro To Dollar Forecast: EUR/USD Recovers After PPI And ECB Hike
Nordea expects further ECB increases in December and March, while Scotiabank sees scope towards 1.1700 if EUR/USD clears resistance. The Euro to Dollar (EUR/USD) exchange rate recovered from a sharp fall below 1.1600 on Thursday as investors assessed US producer-price inflation and the European Central Bank’s latest rate increase. At the time of writing, EUR/USD was trading around 1.1624, down 0.09% against the previous close, having rebounded f…
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