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 bounced back, euro under pressure

This article was originally published in Dairy Markets

The dollar has bounced back against major currencies this week, despite the two recent US federal funds interest rate cuts by the Federal Reserve Bank amounting to 1.25 percentage points. Against the struggling euro the dollar edged up further on Wednesday and in early trading this morning ahead of today's rate decision by the European Central Bank, due at 1245 GMT. The ECB is expected to keep the benchmark eurozone rate at 4.0%, a full percentage point above the US rate, but there is an increasingly widespread belief that the bank will have to follow the Fed and the Bank of England in cutting rates, which would undermine the euro's yield advantage.

Advertisement

Topics

What to read next

Advertisement
UsernamePublicRestriction

Register

CO152875

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