Tag: dollar
-
Euro falls to its lowest level in two years against the dollar
The euro declined further against the US dollar to a fresh low in over two years amid concerns about the Eurozone’s economy, Trump’s tariffs, and monetary policy discrepancy between the ECB and the Fed. The euro declined 0.9% against the US dollar, reaching mid-1.02, its lowest level since 21 November 2022 on Thursday. The common…
-
Dollar set for big annual gain as traders brace for high US rates
The U.S. dollar was headed for an almost 7% annual gain while Japan’s yen was set for a fourth consecutive year of losses on Friday, as traders anticipated robust U.S. growth would make the Federal Reserve cautious on rate-cutting well into 2025. The dollar index , which measures the currency against major rivals, rose 0.08%…