The Turkish lira fell against the dollar on Thursday after the United States reported a pick-up in inflation, raising the possibility of more substantial rate hikes by the Federal Reserve. The lira fell to 17.5 per dollar for the first time since December, when the country suffered a severe currency crisis that forced the government […]
Tag: dollar
The euro fell below the dollar for the first time in 20 years
The euro today fell below par against the dollar for the first time in nearly two decades, as fears of aggressive monetary policy tightening and growing worries of an impending recession in the eurozone continued to weigh on the common European currency. The new drop in the euro came shortly after the negative surprise caused […]
UBS: Dollar rally won’t last – Swiss franc safer haven
A key reason for the devaluation of the euro/dollar exchange rate is – apart from the fears surrounding the eurozone economy and the evolution of the energy crisis – and the strength of the American currency. According to UBS, however, although in the current risk-off environment, the dollar’s rally is likely to continue, the currency’s […]
The dollar’s rally threatens to plunge stocks in the coming weeks
Despite surging inflation squeezing its purchasing power domestically, the US dollar has rallied impressively over the past year. While this is a good development for Americans traveling abroad, Morgan Stanley warned on Monday that many US companies will suffer as their international operations become less profitable, forcing many of them to revise down their earnings […]
Closer to absolute parity with the dollar is the euro
LAST UPDATE: 12:56 p.m The euro edged even closer to absolute parity with the dollar today as the euro zone’s energy supply sufficiency and concerns about the bloc’s economies continue to weigh on the common European currency. Fears of a recession have risen in recent weeks amid growing uncertainty over the bloc’s energy supplies, with […]
The euro is in free fall
It was December 2002, when the euro-dollar rate had reached one-to-one, “absolute parity”. Since then the single European currency has followed an upward path, with some fluctuations. A year ago it reached 1.18 against the dollar. But last Wednesday it dropped to 1.02. Experts believe that we may soon see a 1:1 parity again. The […]
The euro is at a 20-year low against the dollar
The euro hit a 20-year low against the dollar as investors began to scale back expectations for interest rate hikes by the ECB, given the risk of a recession in the region. The single currency fell 0.9% to 1.0333 against the dollar, its lowest level since December 2002. Markets cut their expectations for ECB policy […]
The euro is at a 20-year low
The euro hit a 20-year low against the dollar as investors began to scale back expectations for interest rate hikes by the ECB, given the risk of a recession in the region. The single currency fell 0.9% to 1.0333 against the dollar, its lowest level since December 2002. Markets cut their expectations for ECB policy […]
Gold at five-month low: Rising interest rates and a strong dollar weigh on the precious metal
The price of gold fell for a third week in a row and on Friday dipped again briefly below the much-touted $1,800 per troy ounce mark to a five-month low of $1,784, according to Handelsblatt. Later in the day, the shiny metal once again climbed above the $1810 mark. Experts believe that the price of […]
Gold at a low of more than two weeks – At a low of almost a year the silver
Gold prices fell slightly lower on Wednesday, with the dollar strengthening to help the precious metal slide to a two-week low. It is noted that the ICE US Dollar, an indicator of the strength of the US currency against a basket of currency, strengthened today by 0.5% and reached 105.03. At the same time, however, […]