While the dollar was holding gains against the euro, copper and oil were falling, European and Asian stocks rose, policy makers still hadn’t decided whether they would be adding stimulus in manufacturing data from China to Germany. Both the MSCI Asia Pacific Index and the Stoxx Europe 600 Index rose by 8 AM in London both by 0.2 percent, while China’s benchmark stock index was still … [Read more...]
Dollar Still in Strong after Ten Month High
As the U.S. Economy is following an upward trend, it is only logical that the dollar would follow in its footsteps, and consequently, the dollar has indeed stolen the limelight this week. It rose to a 10-month high and continued to strengthen its position against most foreign currencies. On Wednesday, the dollar index managed to rise to 81.545 on the strong waves of the US growth figures as well … [Read more...]
Euro at one month low after ECB President Mario Draghi hints easing monetary policy
Amid indications from the European Central Bank (ECB) over easing of monetary policy in its June review, the euro has remained sluggish in the past few weeks. The18 nation currency has hit a one month low and has remained weak against most of its 16 major counterparts According to the stock analysts, the euro has fell the most in the past seven weeks against the dollar after the ECB’s … [Read more...]