The US dollar strengthened against the euro and yen in reaction to ECB interest rate cut announcement. The Ukraine battles to prevent collapse of hryvnia.
Financial markets seem to be in a “wait and see” mode as the US dollar weakens against all major global currencies after Fed rate cut announcement. The sterling fell to a record low against the euro.
The US Federal Reserve cut interest rates to no more than .25% leading to a stock market surge. The dollar slides rapidly on the news.
The US dollar has weakened to a 2-month low against the euro. The British pound recovered some loss against the euro.
There is much discussion concerning the record low sterling has reached against the euro. The uncertainty over the US auto bailout is impacting currency rates in several countries.
The weakening US dollar took centre stage as the auto bailout legislation fails to pass the Senate. Investors indicate some willingness to accept slightly higher risk in currency markets.
US dollar weakens against most of the benchmark currencies. Against the dollar the euro reached a new key level.
The US dollar strengthens against all benchmark currencies except for the Japanese yen. Investors buy US Treasury Department bills with zero interest.
The UK sterling is weakening due to bad news in the industrial output reports. The US dollar has been losing its appeal as a safe haven as investors begin to show renewed confidence in equity markets.
Obama's announcements concerning US economic stimulus programs spurred investors' risk appetites. The eastern European countries that hoped to convert to the euro have had to amend their time schedules.