News Formal

Dollar weakens versus euro; investors cautious as inflation data ahead - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The dollar edged lower on Thursday against the euro, with investors cautious as they weighed the outlook for US Federal Reserve policy against the chances that higher interest rates could lead to a recession.

The Fed, the European Central Bank and the Bank of England are all set to announce interest rate decisions next week as policy-makers continue to tap the brakes on economic growth through higher rates to thwart stubbornly high inflation.

The euro was last up 0.5% at $1.0555 against the dollar, while sterling was up 0.2% against the dollar.The US dollar index, which measures the greenback against a basket of currencies, was last down 0.3%. The US dollar index remains up about 9.5% for the year so far, but is down more than 6% for the fourth quarter, putting it on track for its biggest percentage quarterly decline since the third quarter of 2010, when it dropped 8.5%, according to Refinitiv data.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yall are late to the party.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS MAVERICK: Cartoon Thursday with RicoDefend Truth
Source: dailymaverick - 🏆 3. / 84 Read more »