The U.S. dollar may be
gaining against the euro, but at the same time, in a different pair, be falling to the Japanese yen.
The trade - weighted U.S. dollar has appreciated 15 % against foreign currencies since last summer, including a 20 % singular
gain against the euro, which has made American - made goods more expensive for foreign buyers.
Not exact matches
Crude oil is holding on to recent
gains at just below $ 48 a barrel, and the dollar is a touch stronger
against the
euro.
In the past six months, the
euro has
gained about 8 percent
against the dollar, 10 percent versus the British pound and soared 28 percent
against the yen.
While holders of Swiss francs
gained, those with sizeable holdings of
euros or dollars
against the franc would have suffered heavily.
But since the end of October, the greenback has stabilized and even
gained slightly
against the
euro.
The
euro was up 0.73 percent to $ 1.2032, on pace for its biggest single - day percentage
gain against the greenback in about two months.
The
euro has been on a steady rising path since mid 2017, reaching a more than three - year high
against the dollar in February and capping
gains for European stock markets.
Factories reported the smallest
gains in both total goods orders and export orders for a year - and - a-half during April, the latter in part dampened by the recent strength of the
euro, notably
against the US dollar.
The
euro has
gained against the greenback over the last two weeks as the Eurozone approaches a much - need agreement to release More...
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.
The
euro dropped
against its major opponents in the New York session on Thursday, erased its recent
gains, after the European Central Bank President Mario Draghi acknowledged recent signs of moderation in bloc's economic growth, with some countries experiencing a loss of momentum.
For example, when you use US dollars to buy a stock sold in
euros, and the dollar
gains in value
against the
euro, any dividends the stock pays will convert to fewer dollars because more than one
euro is required to equal one dollar.
In the last week litecoin has
gained over 79 percent
against bitcoin, 88 percent
against the U.S. dollar and 90 percent
against the
euro and the yuan.
The dollar
gained 26 percent
against the
euro in the last 12 months.