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In early trading in Europe today, the dollar climbed higher amid a generally steady and quiet market as the focus now shifts to Fed Chair Jerome Powell’s speech.
The euro climbed slightly after data released from the eurozone private sector data boosted hopes that a recession could be avoided in the bloc’s economy.
In early trading today, the dollar held strong against the euro, which hovered around a two-week low, as slightly higher…
Recent turmoil surrounding U.S.-China trade relations, Eurozone instability regarding Brexit and currency crises in South America have put a spotlight on foreign exchange markets and currency politics.
Investors are growing increasingly pessimistic about Germany’s economic outlook, after the ZEW report, which measures investor confidence, worsened for a fourth straight month.
The pound has managed to recover today after it plunged to a 10-year low against the euro, reaching €1.0724.
As fears circling the US-China trade conflict escalated, the demand for safe-haven currencies began to surface, resulting in a slight rise for the yen today.
For the first time in the last financial year, the UK government reported that the UK has overtaken Germany as…
Overnight, financial markets all around the world fell due to increasing pressure and concern surrounding the US-China trade dispute.