The dollar is trading mixed versus its major rivals on Tuesday. The European Central Bank and the Bank of England are both expected to announce their decisions regarding interest rates following their respective meetings on Thursday. Speculation is running high that we will see a reduction in rates. Trading volumes have been down on Tuesday,
After a brief slide in early Asian trading on Tuesday, the Australian and New Zealand dollars strengthened against their most major counterparts as investors bet on high-yielding assets on hopes that global central banks will soon resort to some monetary easing to revive the economies. Though concern about the eurozone sovereign debt crisis eased, the
The euro was under pressure ahead of the closely watched EU summit, which begins later in the day. The common currency fell sharply in the European session as the number of unemployed people in Germany rose by more than expected and Spanish 10-year bond yields climbed to an unsustainable level of 7 percent. Traders keep
The dollar has begun to inch higher in comparison to its major European rivals Wednesday afternoon. The U.S. Federal Reserve announced further stimulus today and appears to have laid the groundwork for another program of asset purchases, or QE3. The Federal Reserve announced following the completion of its 2-day meeting that it has decided to
The dollar is gaining ground on Monday, after overcoming some initial weakness versus its European rivals. The pro-bailout party won a narrow victory in the second round of elections held in Greece on Sunday. The election had been a source of uncertainty in past weeks, largely due to a potential Greek exit from the Eurozone.
