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EUR/USD settled below the support at 1.1300 and is testing the next support level at 1.1270. EUR/USD Daily Forecast – Euro Pulls Back After Rally Skip to main content
The euro was last down 0.2% against the dollar at $1.0473. The Swiss franc was up against the dollar after the Swiss National Bank opted for a 50 basis point interest rate cut.
(Reuters) -The euro dipped against the dollar on Thursday as traders reined in bets of more interest rate cuts by the European Central Bank, while broader currency moves were muted in U.S. holiday ...
The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).
The Moroccan Dirham has been historically pegged to a basket of currencies including the Euro and the US Dollar. In 2015, the Central Bank updated the weights of the peg to 60% for the Euro and 40% for the US dollar, against respectively 80% and 20% previously, to better reflect the current structure of foreign trade of the country. [54]
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
The data followed the Bank of Japan's decision on Thursday to keep its benchmark rate at 0.25%, which pushed the dollar higher against the Japanese yen. Stock market today: Asian shares are mixed ...
Urdu News is a Saudi Arabian Urdu language-news website with the focus on Pakistan, Saudi Arabia and other parts of the globe. It was the first daily Urdu newspaper published in Jeddah , Saudi Arabia, and also in other Arab countries.