Sterling could decline
further against the euro to offset the economic impact of losing trade links with the European Union, the president of the Peterson Institute told CNBC on Tuesday.
Not exact matches
The dollar clawed back some ground
against the buoyant
euro and traders bet on
further U.S. rate hikes this year.
But the figures are
further illustration of how even an ultra-loose monetary policy from the European Central Bank, which has driven the
euro to a 12 - year low
against the dollar this year, still hasn't created a self - sustaining recovery in the region.
NEW YORK, April 30 (Reuters)- Weaker - than - expected German data hurt the
euro against the U.S. dollar on Monday, with investors
further unwinding short positions on the greenback that were based on assumptions that the European Central Bank was nearer to unwinding its stimulus.
The
euro extended losses to slip 0.3 percent
against the dollar after the policy decision, retreating
further from a recent a 14 - month high.
But Siracusano of WisdomTree reminds U.S. - based investors that exchange - rate fluctuations could erode returns if, say, the
euro plunges
further against the dollar.
Gold edged down on Monday, retreating
further from last week's 3-1/2 month high as the dollar clawed back some ground
against the buoyant
euro and as traders bet on
further increases to U.S. interest rates after Friday's payrolls data.
Meanwhile, the
euro has been strengthening over the summer
against the dollar,
further hurting eurozone exports, and stressing the need for the ECB to take action.
As I said, the greenback's been on the decline for most of the year so
far, but it slumped to a 13 - month low
against the
euro last week following European Central Bank (ECB) president Mario Draghi's remark that «monetary accommodation» would continue in the European Union (EU) until at least the end of the year.
The
euro, which had already been near its lowest level in 11 years on expectations of action by the central bank, weakened
further against the dollar, falling about 1 percent to around $ 1.14, a move that could help European exporters.
«The fall in the
euro has definitely had an effect,» she added as the
euro fell
further towards a 12 - year low
against the dollar.
And the
euro rose
against the dollar — a potential drag on eurozone exports — after he said that rates would not be cut
further.
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.
Thus
far in 2005, the dollar has risen back to around 1.30
against the
euro, in part reflecting the fact that the US federal funds rate has now risen above the monetary policy rate in the
euro area, as well as comments from European officials expressing concerns about the extent of the appreciation of the
euro.
-LRB-...) Italy's political chaos, which inflamed the
euro - zone crisis two years ago, could be the biggest test so
far of Europe's defenses
against a revival of the financial panic that has afflicted the region in recent years.
Deutsche Bank analysts expect the
euro to strengthen
further against the dollar in each 2018, 2019 and 2020.
The
euro has gained
against the greenback over the last two weeks as the Eurozone approaches a much - need agreement to release
further aid to Greece.
Compared to a few days ago we are
far more optimistic, win
against watford, two new signings coming in, players coming back from rest after
euros.
A stylistic repeat of their friendly
against Spain seems unlikely given the performances of both teams so
far in the
Euros, but Paulo Bento's side has shown, for brief periods of time, that they're capable of playing that way.
That would go up
further if sterling were to weaken
against the
euro, since the tariff in this case is a
euro - based value.
Part of the increase in dollar shorts was placed
against the
euro, but long JPY positions were also built
further to reach 39.5 percent of open int...
Six tracks from RockStar Energy Drink Mayhem Festival performers such as Slayer, Cannibal Corpse and Marilyn Manson are contending for your hard earned dollars, pounds or
euros against an arguably
far more popular threesome. Green Day is coming to town.