Forex: Pound and euro weaken, dollar strengthens on prospect of higher rates

Forex: Pound and euro weaken, dollar strengthens on prospect of higher rates
Forex: Pound and euro weaken, dollar strengthens on prospect of higher rates

Both the British pound and the euro weakened today, while the dollar strengthened on the prospect of higher interest rates and investor concerns about the health of the European economy. The dollar index, which expresses the value of the dollar against a basket of six major world currencies, added a percent to 109.78 points shortly before 17:05 CEST.

The euro lost 1.3 percent against the dollar at the same time and was just below parity against the dollar at 0.9919 EUR/USD. The pound depreciated 0.9 percent against the dollar to 1.1519 GBP/USD.

Even after hitting new highs, the dollar’s strength has room to expand a little further, especially thanks to the global slowdown and the European energy crisis,” state Generali Insurance Asset Management analysts.

According to statistics, manufacturing activity in the eurozone fell for the second month in August. Factory activity is falling worldwide, but European ones are struggling with higher energy costs, which have eased slightly this week, but remain at very elevated levels.

Forex: The exchange rate of the koruna against the euro was almost unchanged, the Czech currency weakened against the dollar

The exchange rate of the Czech currency against the euro was almost unchanged today and was 24.65 EUR/CZK around 17:00. Against the dollar, the koruna weakened by 19 halers to USD/CZK 24.17. This follows from data on the Patria Online server.

Forex: The exchange rate of the koruna to the euro was almost unchanged, the koruna strengthened against the dollar

The exchange rate of the koruna against the euro was almost unchanged compared to yesterday. As of 17:00 today, it was 24.65 EUR/CZK, which means an increase of one penny. Against the dollar, the koruna strengthened by six pennies to USD/CZK 24.68. This follows from data from the Patria Online server.

Forex: The exchange rate of the koruna against the main world currencies had a mixed development today

Today, the Czech currency weakened slightly against the euro and strengthened against the dollar. Compared to early Thursday evening, the euro lost three pennies and today around 17:00 it was trading at the exchange rate of CZK 26.19/EUR. Against the dollar, it improved by a penny to 21.92 CZK/USD. This follows from information on the Patria Online server.

Forex: The exchange rate of the koruna did not change much today, it weakened slightly against the euro and the dollar

Today, the exchange rate of the Czech crown against both major world currencies changed only minimally compared to the previous conclusion. The Czech currency weakened slightly, losing one halary against the euro to 24.28 EUR/CZK, and against the dollar it weakened by two hallies to 21.27 USD/CZK. This follows from data on the Patria Online server.

Forex: The exchange rate of the koruna changed little today, the Fed can move it

Early this evening, the koruna traded at the rate of CZK 25.67/EUR and CZK 23.06 USD. Compared to Tuesday’s close, the koruna weakened against the dollar by two pennies, while it stagnated against the euro. This follows from data on the Patria Online server.

Forex: The exchange rate of the koruna changed by only pennies, it remains stagnant against the euro at around 24.70 EUR/CZK

The exchange rate of the koruna changed only minimally on the last day of the working week. Compared to the euro, today the Czech currency weakened by a penny to EUR/CZK 24.68, against the dollar it strengthened by two pennies, and at 17:00 it traded at USD 23.02/CZK, according to the Patria Online server.

Forex: The exchange rate of the koruna against the euro was helped by inflation data, but did not hold on to the gains

Today, the Czech currency strengthened against the dollar by four pennies to 22.08 CZK/USD. Against the euro, on the other hand, it has weakened by two pennies since early Wednesday evening and was trading at 26.14 CZK/EUR at around 5:00 p.m. today. This follows from data on the Patria Online server.

Forex: EUR/USD weakened due to panic in the markets

EUR/USD continues to show bearish lower highs that have been forming since May.

Forex: Dollar falls on Trump’s statement that deal with China will wait

The US dollar is weakening in the forex markets today. Uncertainty was caused by US President Donald Trump’s statement that a trade agreement with China could only be concluded after the US presidential elections, scheduled for November next year. For example, the Swiss franc strengthens against the dollar, but also the Japanese yen, i.e. currencies considered safe in times of uncertainty. The Chinese yuan weakened against the dollar to its lowest level since October.

Forex: Pound and Euro continue to rally

The British pound continued to recover from Monday’s 31-year low against the US dollar today as concerns about Britain’s exit from the European Union eased. The euro also continued to rally during today’s trading. However, according to analysts, uncertainty remains in the market and the pound still has room to fall.

Forex: Pound strengthened thanks to UK labor market

The British pound climbed to a two-month high against the euro. Its growth was helped by the good situation in the British labor market, despite the slowdown in economic growth before Britain’s exit from the European Union. The pound also strengthened against the dollar, gaining 0.5 percent to 1.2962 GBP/USD before 18:00 CET.

Forex: Pound surges thanks to May

The US dollar weakened against most currencies today, reacting to President-elect Donald Trump’s comments against the strong dollar. The biggest gainer was the British pound, which rose the fastest in eight years after Prime Minister Theresa May confirmed Britain would leave the European Union’s single market.

Forex: Pound strengthens on positive Brexit news

The British pound is strengthening against the US dollar and other currencies at the start of the new week, mainly due to positive news surrounding the Brexit deal negotiations. However, due to concerns about the growth of the Italian budget deficit, the euro took a turn for the worse. On the contrary, the Canadian dollar is strengthening against the American currency, which was supported by the conclusion of a new agreement on free trade on the North American continent.

Forex: Pound strengthens significantly thanks to Conservative election victory

The British pound is strengthening significantly after the clear victory of the Conservatives in the early parliamentary elections. It climbed to a 19-month high of 1.3516 GBP/USD against the dollar overnight, but later pared some of its gains. Around 18:30 CET, it gained 1.4 percent to 1.3340 GBP/USD.

Forex: The pound strengthened significantly today

The British pound strengthened significantly in forex markets today, reacting to Prime Minister Theresa May’s announcement of a snap election. Against the dollar, the pound climbed as high as 1.2767 GBP/USD, but the US currency weakened against a basket of currencies and hit a three-week low. Among other things, it was pushed down by lower yields on US Treasury bills.

Forex: Pound rises despite Brexit turbulence

The euro is strengthening, helped by signals that the budget dispute between the European Union and Italy has calmed down. Despite Brexit turmoil, the pound is also strengthening as investors believe British Prime Minister Theresa May will survive today’s no-confidence vote. The pound was adding 1.4 percent to the dollar at 1.2657 GBP/USD by 17:30 CET. The euro was up 0.4 percent against the dollar at the same time, trading at 1.1358 EUR/USD.

Forex: Pound at 20-month low

The British pound fell to a 20-month low against the dollar after Prime Minister Theresa May decided to postpone Tuesday’s vote in the British parliament on a draft Brexit deal between London and the rest of the European Union. The US currency was down 1.5 percent at 1.2541 GBP/USD by 17:30 CET, its lowest since April 2017.

Forex: The pound is firming slightly against the dollar

Trading on the forex markets is without significant changes at the beginning of the new week, which is mainly contributed by the free day in the United States. Markets there are closed due to Independence Day celebrations. The British pound strengthens slightly, remaining close to the values ​​it fell to after the referendum on Britain’s continued stay in the European Union. The euro also registered a slight increase against the dollar.

Forex: The pound against the euro loses for the tenth day in a row

The British pound has been losing significantly against the euro in recent days, and if it were to continue today, it would be the tenth day in a row that the pound has weakened against the single European currency (thus strengthening the EUR/GBP currency pair).

Forex: The pound fell to a ten-year low against the euro, but then strengthened

The British pound fell to a ten-year low against the euro due to weak economic data and fears about the effects of a no-deal Brexit. Later, however, it wiped out the losses and went up, as concerns about the political situation in Italy had a negative effect on the euro. The US dollar is weakening today on expectations that the trade war will have an impact on the growth of the US economy.

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