DJIA25628.90
LIVE-623.34(-2.37%)
NDX7465.00
LIVE-242.43(-3.15%)

Euro weakens as dollar holds ground despite Fed rate cut bets


Tuesday, 16 July 2019 15:11 WIB

EuroEUR/USDMata uang Euro


c_740_198_16777215_00_images_assets_CURRENCY3_000euro.jpg

The euro fell on Tuesday as investors waited for a sentiment reading of Germany's economy, although the prospect of more central bank easing starting with the Federal Reserve later this month kept currency moves limited.

The single currency stood at $1.1251 in early London trading, down slightly on the day.

Foreign exchange markets have been notably quiet in recent weeks, with investors focused on economic data releases to decide when and by how much central banks will seek to stimulate their economies.

Volatility in currency markets has plummeted in recent weeks, according to the Deutsche Bank Currency Volatility Index.

Markets expect the Federal Reserve to cut rates later in July, but the dollar has held its own. The dollar index was up 0.1% at 97.035, a fair way from its June lows of 95.843.

Source : Reuters


RELATED NEWS

  • The dollar slipped lower on Thursday as expectations for further Federal Reserve rate cuts waned, while the euro gained ground after Eurozone private sector data boosted hopes that the bloc's economy ...

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.