21.800 +0.14 (0.67%)
Pre-Market: 5:59AM EDT
|Bid||21.710 x 2000|
|Ask||21.780 x 2000|
|Day's Range||21.590 - 21.705|
|52 Week Range||20.850 - 28.020|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
In its September 7 policy meeting, the ECB (European Central Bank) said that currency appreciation or depreciation is not part of its current mandate.
In its September 7 policy meeting, the ECB (European Central Bank) left its policy measures unchanged, leaving interest rates at 0%.
The governing council of the European Central Bank (or ECB) is scheduled to meet on September 7 in Frankfurt, Germany. The meeting will be followed by a press conference.
The political uncertainty surrounding the Trump administration is viewed by ANZ as having pushed the U.S. dollar down "much further than warranted based on fundamentals", with leveraged funds now holding net short positions in the greenback for the first time since May 2016. The weakness in the world's reserve currency comes despite the Federal Reserve hiking rates in June, the possibility of further increases, and the shrinking of the Fed's balance sheet "relatively soon". ANZ's head of Asian research Khoon Goh reckons "sentiment looks to have turned too bearish, in our view".
Many factors move stockmarkets but the strength of a country’s currency can have a surprisingly large bearing. Several high profile events have underlined this in the past year – most notably Brexit and Donald Trump’s US election win. The way ...
After the election results were announced in the US, the Dollar Index (UUP) surged to levels above the 103 mark in anticipation of fiscal stimulus, tax breaks, improving economic conditions, and the possibility ...
The FTSE 100's strong recovery after the Brexit verdict in last June's referendum caught some investors off guard. After an initial wobble, the index surged. Three months later, it was 10.4% higher. But why? Other factors may have been at play in ...
The exchange rate between the euro and the US dollar is getting closer to parity with the weak economic prospects and political turmoil in Europe.
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