Speculations that US interest rates would continue to rise sharply gave the dollar a tailwind on Thursday. The dollar index rose as much as 0.8 percent to 109.68 points, hitting a 20-year high. In return, the euro depreciated, losing 1.2 percent to $0.9939. Despite fears of a recession in the US, currency watchdog Loretta Mester does not expect any interest rate cuts in the coming year. Instead, the chair of the Cleveland Fed District assumes that interest rates will rise...
The shutdown of the important Nord Stream 1 pipeline is making stockbrokers nervous. The listings show strong price swings. But the price of oil is going down significantly. source site
The prospect of a further significant increase in key interest rates in Europe caused exchange rate gains for the euro on Tuesday. The common currency rose 0.2 percent to $ 1.0019. Both the US Federal Reserve and the ECB are apparently willing to accept a recession in the fight against inflation. Supporters of a restrictive monetary policy course could feel confirmed by the German inflation data. Inflation rose to 7.9 percent in August compared to the same period last year....
On Monday, the euro benefited from the prospect of a sharp hike in interest rates in September. The common currency was 0.3 percent firmer at $ 0.9994 in the evening. Leading members of the European Central Bank (ECB) spoke out in favor of sharp interest rate hikes. "It would thus adapt to the pace of the Fed," said investment strategist Jürgen Molnar from the brokerage house RoboMarkets. Against this background, more and more investors expect the ECB to raise the...
The euro fell to a 20-year low on Tuesday and is settling below par with the dollar. At 0.9909, the common currency temporarily reached its lowest value since the end of 2002. In July, the looming recession in the euro zone and the growing interest rate differential with the USA caused the euro to slip below one dollar for the first time since 2002. Recession worries had already increased at the beginning of the week after the Russian exporter Gazprom...
At the beginning of the week, fears of bottlenecks drove gas prices up further. The European future rose by 20 percent to 295 euros per megawatt hour. The Russian exporter Gazprom had announced that Germany would again temporarily receive no gas through the Nord Stream 1 Baltic Sea pipeline at the turn of the month. From August 31 to September 2, pipeline operations will be interrupted for maintenance work. The worsening of the energy crisis hit the euro. The common...
The prospect of further sharp rises in interest rates in the USA is driving the US currency higher. The dollar index climbed 0.6 percent to 108.16 points on Friday, its highest level in a month. The euro fell accordingly by 0.5 percent to $ 1.0039 and thus again approached parity. St. Louis Branch Fed chief James Bullard said Wall Street Journal, he favors a 0.75 percentage point hike in interest rates at the next Federal Reserve meeting in September. In...
The US currency was supported on Thursday by speculation that interest rates in the USA would continue to rise sharply. Accordingly, the euro fell sharply. The common currency was down 0.5 percent in the evening at $ 1.0089. As can be seen from the minutes published by the Fed on Wednesday evening, the monetary watchdogs have not yet indicated any preference as to whether they want to take another unusually large interest rate hike of 0.75 percentage points in September...
The euro exchange rate hardly moved on Wednesday. The European common currency was quoted at 1.0180 (previous day: 1.0161) dollars in the evening. The publication of the minutes of the US Federal Reserve's last meeting hardly provided any fresh impetus. The Fed is preparing for a long fight against inflation and is leaving the size of the next rate hike open. In contrast, inflation figures from Great Britain fueled speculation about further interest rate hikes. Sterling fell 0.4 percent to...
The weak economic data from China show that the growth engine in the Middle Kingdom is losing momentum. They are stoking concerns about demand on the oil market and sending the oil price plummeting. The euro is also losing.Disappointing economic data from China on Monday fueled renewed demand concerns and pushed oil prices further lower. Both the crude oil variety Brent from the North Sea and the US leading variety WTI became cheaper by four percent to 93.88 and 88.42...
