The euro fell 0.14% to $1.1090, shy of the two-year low of $1.1025 it reached on Aug. 1. Friday's fall was caused by growing expectations of an interest rate cut by the European Central Bank after Governing Council member Olli Rehn suggested on Thursday that the central bank could restart its quantitative easing program and was open to extending it into equity... * More Details Here
FOREX-Dollar, euro hold steady ahead of ECB meeting
NEW YORK, July 22- The dollar and euro were little changed on Monday as traders wait for decisions from the U.S. Federal Reserve and the European Central Bank on how much and how fast they may reduce interest rates, beginning with the ECB on Thursday. "Our base case for the ECB could see some small upside in unless the Governing Council delivers a strongly dovish... * More Details Here
FOREX-Rebounding dollar sends euro, sterling to 2 1/2-year lows
*Euro plunges to 26- month low vs dollar. LONDON, Aug 1- Gains in the dollar after the Federal Reserve sounded cautious on more rate cuts sent the euro to a 26- month low on Thursday, as investors decided a lengthy U.S. easing cycle was unlikely. "It's not the beginning of a long series of rate cuts," Fed Chairman Jerome Powell said after the Fed's decision, although he added, "... * More Details Here
Interesting facts. EUR/USD is one of the most traded currency pairs in the world. It represents the value of the US dollar per one euro. The euro is a relativity new currency when compared with the other majors, it was established by the provisions in the 1992 Maastricht Treaty and is managed by the European Central Bank (ECB) and the Eurosystem (comprised of the central banks of the eurozone). The market made up its mind these days, and the American dollar stands victorious. The EUR/USD pair plummeted to 1.1615, its lowest level since late J EUR/USD Weekly Price Forecast – Euro Gets ... This forex chart for Euro / US Dollar (EURUSD) is updated continuously during market hours. The EURUSD currency charts are available in bar chart and candlestick chart formats to help highlight price trends and price movement. Technical analysts will want check out the technical indicators and studies under the options menu. FOREX-Euro up, dollar down: August ends with new milestones. By Julien Ponthus. 4 Min Read * Euro set for fourth month of gains * Dollar faces worst August in 5 years EUR/USD is the most popular pair for Forex currency traders worldwide and with good reason. Trading Euro to US dollar (or vice versa) gives currency traders the opportunity to make use of the world’s two largest economies and to take advantage of the volatility and liquidity intrinsic to this pair.
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