Euro Drops After ECB Decision
(RTTNews) - As expected, the European Central Bank raised its main refinancing rate by 75 basis points to 2 percent. Following the announcement, the euro fell against its major opponents.
The euro was trading at 147.19 against the yen, 0.9938 against the franc, 0.8669 against the pound and 1.0032 against the greenback around 8:20 am ET.
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The U.S. dollar strengthened against its major counterparts in the New York session on Friday on hopes that policies under incoming President Donald Trump would spur economic growth and inflation.
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Pound Falls Following BoE Rate Cut
The British pound weakened against other major currencies in the European session on Friday, after the Bank of England cut interest rates as expected but signaled stickier inflation.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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Yen Rises After Fed Rate Cut
The Japanese yen strengthened against other major currencies in the Asian session on Friday, after the U.S. Fed delivered the widely expected decision to lower interest rates by a quarter point and signaled no intention to skip cutting rates. The Bank of England also cut interest rates.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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U.S. Dollar Lower Ahead Of Fed Decision
The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as investors awaited the Federal Reserve's monetary policy announcement due shortly.
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U.S. Dollar Rallies On Trump's Victory
The U.S. dollar was higher against its major counterparts in the New York session on Wednesday, as Donald Trump's win in the presidential election renewed optimism about economic growth policies that could drive bond yields higher and boost inflation.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Wednesday.
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