DJIA25742.65
LIVE267.63(1.05%)
NDX9657.31
LIVE58.42(0.61%)

Euro steadies vs dollar near 1-week low, focus shifts to Fed next week


Friday, 25 October 2019 15:38 WIB

DOLLAR Europound


c_740_198_16777215_00_images_assets_CURRENCY2_0euro-1024-6.jpg

The euro steadied on Friday after falling to a one-week low against the U.S. dollar in the previous session on the European Central Bank leaving the door open for more monetary policy easing, but keeping interest rates unchanged.

The focus will shift next week to a U.S. Federal Reserve meeting ending Oct. 30 and a Bank of Japan meeting ending Oct. 31. The Fed is expected to cut interest rates for a third time this year, but money markets have largely priced in a 25 basis points cut already, according to Refinitiv data.

The euro was last flat at $1.1109, though close to the one-week low of $1.1094 it reached on Thursday. The index which tracks the dollar against six major currencies was also flat at 97.66.

Elsewhere, the pound nursed losses versus the dollar and the euro on Friday after Prime Minister Boris Johnson’s call for an election heightened uncertainty over Britain's divorce from the European Union.

Sterling was last down 0.2% at $1.2835, having slipped below %1.28 to a one-week low of $1.2790 on Thursday. Against the euro, the pound fell 0.2% to 86.55 pence.

Source : Reuters


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.