Euro Rate

NEW YORK: The dollar rose against the euro on Wednesday (Apr 8) after the minutes of the Federal Reserve’s last policy meeting showed a split over the timing of an interest rate increase. According to the minutes of the Mar 17-18 meeting of the Federal Open Market Committee, “several participants” thought conditions were right for […]

The shekel has strengthened sharply against the US dollar following the disappointing jobs figures released in the US on Friday. The representative shekel-dollar rate was set 0.45% lower today, in comparison with Thursday’s rate (the last time representative rates were set before the start of the Passover holiday), at NIS 3.956/$ , and […]

The local foreign exchange market has given its first reaction this morning to last week’s disappointing US jobs report. The The shekel-dollar exchange rate is currently down 0.9% in comparison with Thursday’s representative rate (the last time representative rates were set before the start of the Passover holiday), at NIS 3.9203/$ , while […]

Germany’s DIHK Chambers of Commerce said yesterday that while the weak euro would initially boost Europe’s largest economy by enabling exporters to offer their goods abroad for less, firms were increasingly concerned about the exchange rate. “The strong exchange-rate fluctuations in recent months are making it difficult to develop long-term plans and increasing the cost […]

The weaker euro, which could approach parity with the US dollar, is making the European Central Bank’s task of kickstarting the eurozone economy easier. Officially, the ECB has no exchange rate target. “In the current context, pushing down the euro is probably the only means the ECB has for pushing up inflation,” Natixis economist Sylvain […]

The euro pushed higher Friday after Greece’s promise to provide new plans to reform its bailout, while Shanghai stocks continued their latest rally towards a seven-year high. Traders moved into the single currency after Greece’s deal with its key European partners, who agreed to finish work “as fast as possible” on completing its EU-IMF rescue […]

By Jamie McGeever LONDON, March 18 (Reuters) – The stark divergence between U.S. and euro zone monetary policy has made it more attractive than ever for U.S. companies to raise cash in euros and swap it back into dollars this year, but that window of opportunity could be closing. The euro/dollar cross currency basis swap, […]

The shekel continues to weaken against the US dollar, following the release of the Consumer Price Index reading for February yesterday, which showed a surprise 0.7% drop. The shekel-dollar rate has risen by 0.38% this morning, in comparison with Friday’s representative rate, to NIS 4.0302/$ . The shekel-euro rate is down by the […]

A positive end to the week saw sterling further its gains against both the euro and US dollar, as a member of the US Federal Reserve’s monetary policy committee spoke out about the dangers of a premature increase in US interest rate.The week ahead could be an important one for sterling, with a host of […]

The European Central Bank (ECB), in its bid to boost the Eurozone’s flagging economy, began its quantitative easing (QE) on Monday. The QE is guiding the long-term bond yields in the region to near zero, while the central bank continues buying the government debt using the newly-printed euros. This should be flooding the markets with […]