IEG Vu is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Dollar holding above Wednesday's historic lows

This article was originally published in Dairy Markets

As markets await interest rate decisions from both the European Central Bank and the Bank of England this morning the dollar remains under pressure, hovering close to yesterday's historic lows across the board. The euro surged to an all-time high against the dollar of €1 = $1.4731 on Wednesday following announcements of losses by Morgan Stanley and General Motors Corp. in the US, extending the dollar's losses since last week's 25 basis point interest rate cut by the Federal Reserve Bank to 4.5%. This morning the euro/dollar was trading around €1 = $1.4664. Versus the yen the greenback pulled back from a three-month low of $1 = ¥112.00 hit yesterday, trading this morning in the region of $1 = ¥112.70.

Advertisement

Topics

What to read next

Advertisement
UsernamePublicRestriction

Register

CO152565

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel