USD drops on rate speculation
Story link: USD drops on rate speculation
The US dollar weakened Monday in anticipation of Tuesday’s meeting of the Federal Reserve, when the Fed is widely expected to cut US interest rates, possibly to as low as 0.25 percent.
Also hurting the greenback was the news that the New York Fed’s general economic index fell from minus 25.4 in November to minus 25.8 […]
Pound hurt by data, rate speculation
Story link: Pound hurt by data, rate speculation
The UK pound weakened Wednesday on new data showing that consumer confidence had declined and that the services sector continues to contract there.
According to financial information services group Markit and the Chartered Institute of Purchasing and Supply, the UK services index has dropped to 40.1, while the Nationwide Building Society reported that UK consumer confidence […]
Yen gains on equities declines
Story link: Yen gains on equities declines
The Japanese yen gained on the euro and the US dollar Monday as investors were expected to abandon purchases of higher-yielding currencies on declines in equities and on reports of declines in manufacturing in the US, the UK, China and Russia.
In the United States, the Institute for Supply Management’s factory index was reported at 36.2, […]
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-aud-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-gbp-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-cad-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)