That downward pressure prompted the Swiss National Bank last week to abandon its effort to cap the value of
its currency against the euro.
Not exact matches
Dollar bulls in London took advantage of the holiday in most of the rest of Europe to push the
currency to almost $ 1.20 per
euro and helped it make good ground
against the Swiss franc and the data - dented pound.
All things being equal, the
euro will weaken
against the U.S. dollar and perhaps other
currencies.
The
euro, which in the aftermath of January's meeting rose to a new three - year high, started the year surging
against other
currencies, including the U.S. dollar, as the region's economy improved and political risks dissipated.
In view of this, it is puzzling that these countries complained about «
currency wars,» alleging that the «monetary tsunami» unleashed by the U.S. and the
euro area was threatening their competitive positions by pulling up their
currencies, when, in fact, the real and the rupeewere falling
against the dollar and the
euro.
Although Bernanke denies it, the Fed's money - printing naturally depressed the value of the greenback
against other important
currencies, such as the
euro and yen.
Remember,
currencies with less float will move more on a given increase in demand, so a little bit of
euro selling
against these other
currencies could go a long way.
GLG's Henry Dixon also highlighted to CNBC that on a purchasing power parity basis - which evaluates a
currency's theoretical equilibrium versus other
currencies based on the price of a basket of goods - the British pound looks very cheap
against the U.S. dollar and «fractionally» cheap
against the
euro.
Earlier the
euro zone common
currency had fallen to a session low
against the dollar and yen on speculation that some large German banks could be asked to split their investment banking operations, driving European shares lower.
Faced with a seemingly unstoppable
currency, the Swiss have been holding the franc to a floor
against the
euro since last fall.
If the peg doesn't hold, and the Swissie becomes not just a safe haven but a strengthening one as as well, investors would likely sell
euros against the Swiss franc, intensifying the pressure on the common
currency.
The dollar was mixed Friday, higher
against the
euro and many other
currencies but lower
against the yen.
The peg, which was introduced in Sept. 2011, was an attempt to halt the rise of the franc — a traditional haven
currency for investors —
against the
euro at a time when the eurozone debt crisis was at its height.
The
euro and the yen both fell more than 20 %
against the U.S.
currency over the past year.
Renewed confidence in the European economy and persistent weakness in the dollar have driven the
euro up 16 percent
against the U.S.
currency from the first quarter last year to the end of March 2018.
The value of one bitcoin fluctuates
against other
currencies in the same way the
euro's value fluctuates
against the dollar.
The dollar index
against the world's major
currencies is at a four month high with the interest rate gap set to widen between the dollar and
euro - zone as the US Federal Reserve plans several more rate hikes this year.
The Canadian dollar has appreciated
against the U.S. dollar by an amount similar to that of the
currencies of two major commodity importers, Japan and the
euro area (Chart 8).
It has weathered the storm of Greece, Ireland and Spain's financial woes but with the possibility of the UK leaving the single market, the US dollar strengthening
against the
euro and further political situations unravelling, the
currency is at risk.
The franc has weakened to 1.20
against the
euro for the first time since the Swiss National Bank ditched its cap on the
currency in January 2015.
The
currency, the world's worst performer
against the
euro in the past month with a 4.2 percent decline, reached a record - low 324.24 on Jan. 5.
Users of the Abra mobile app can now exchange all of these
currencies against every other
currency supported by the platform, including US dollars,
euros, Bitcoin, Zcash, and so forth.
Even though the dollar has raced to 14 - year highs
against a basket of
currencies in the wake of the Fed meeting, only a slim majority - 52 percent of poll participants who expressed a view - thought the
euro / dollar exchange rate would break below parity in 2017.
Finally, I suspect many investors will use these hedged international stock funds out of a belief that they know how the dollar will do
against currencies like the
euro.
The
euro may be languishing now, but it could well rebound substantially over the course of a typical five - or seven - year corporate bond term, especially
against emerging markets
currencies that are on slippery footing themselves.
The Australian dollar was steadier in trade - weighted terms and, indeed, it rose
against some
currencies, including the
euro, during this period.
Using the European
Currency Unit (the precursor to the
euro) as a proxy, the bilateral exchange rate
against the
euro area was the lowest since 1992, when it reached the equivalent of 1.45.
While there has been a substantial scaling back in speculative short positions
against the US
currency in recent months, especially vis - à - vis the
euro, there is little sign that long positions in the Australian dollar have been trimmed.
Despite the fact that sterling has given that weakened
against the dollar, the
currency market place volatility has ongoing this yr, notably with the Swiss franc and the
euro.
The single
currency dropped 1.1 %
against the dollar Thursday after data showed that inflation in the
euro zone fell to a near four - year low in October.
When the dollar rises
against the
euro and other
currencies, so does the riyal.
I think the Fed will deliver an upbeat outlook on the economy and the dollar will surge, especially
against weaker
currencies like the
euro.
During the trading session, the
euro also made advances
against the Japanese
currency and reached a four - week peak of 104.50 yen.
While the Australian dollar has appreciated more than some of these other
currencies, the additional appreciation is not that large (see Graph 24), and, as noted above, the Australian dollar remains below average levels
against currencies such as the
euro and yen.
The fall of the US dollar has been particularly marked
against the
euro and some other European
currencies.
The appreciation of the Australian dollar has been less marked
against the
euro, and the
currencies of a number of countries that Australia competes with in international markets.
The local
currency was up by 8 per cent
against the US dollar and about 7 per cent
against the
euro but flat
against the Japanese yen.
The
currencies of most other developed countries have also appreciated substantially
against the US dollar in recent months, as they have generally tended to move in line with the
euro.
This sentiment was most noticeable in
currency markets, where the
euro continued to move higher
against many other major
currencies.
It could cause the
euro to rise in value
against other
currencies, potentially hurting exporters, and it could bring higher returns on savings as well as stiffer borrowing costs for indebted governments in the 19 - country eurozone.
CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The
euro was the star of the major
currencies in January, as it soared to a 14 - month high
against the dollar and a 33 - month high
against the Japanese yen.
As is the yen, which is typically seen as a safe haven
currency and is trading higher
against the
euro and pound today.
The dollar was marked lower
against the
euro and the yen, falling 1 percent
against the European
currency.
They are long major stock markets, junk bonds and emerging - market debt, and they are short the dollar
against the
euro and
against commodity - based
currencies.
Business for Sterling mobilised vast numbers of businesspeople
against the single
currency, neutralising the Government's economic case for the
euro, and Vote 2004, which gradually evolved into Open Europe, ultimately led the charge
against the EU Constitution.
And if the markets continue to turn
against the
euro, does Labour have any ideas for an orderly restoration of national
currencies?
The
euro should probably strengthen
against the dollar but weaken
against Asian
currencies.
I think the
currency is still highly regarded but the Swiss central bank is participating in the
currency war and has attempted multiple times in the past couple of years to debase its
currency so it does not appreciate
against the
euro or dollar.
Gold advocates consider the metal a good hedge
against inflation and
against poor financial management by governments that control paper
currencies like the U.S. dollar or the
euro.
Alex: In my opinion, you don't need a hedge for VEA because though it is denominated in USD, it holds stocks denominated in
euros, yen and pound, so it is really only affected by the gyrations of the C$
against this basket of
currencies.