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The U.S. dollar has surged relative to the euro. That could hurt American companies because their goods become more expensive for foreign buyers. The dollar is almost equal in value to the euro.
A retreating euro will remain weak in the near term, trapped between political ructions building in France and expected new U.S. tariffs early next year that are boosting the dollar's allure, a ...
In currency trading, the U.S. dollar declined to 151.90 Japanese yen from 152.25 yen. The euro cost $1.0472, down from $1.0495. ___ AP Business Writer Stan Choe in New York contributed to this report.
If the quote changes from EUR/USD 1.2500 (or EURUSD 1.2500) to 1.2510, the euro has increased in relative value by 10 pips (Percentage in point), because either the dollar buying strength has weakened or the euro has strengthened, or both. On the other hand, if the EUR/USD (or EURUSD) quote changes from 1.2500 to 1.2490 the euro has become ...
The euro made its biggest gain in 18 months, [270] before falling to a new four-year low a week later. [271] Shortly after the euro rose again as hedge funds and other short-term traders unwound short positions and carry trades in the currency. [272] Commodity prices also rose following the announcement. [273] The dollar Libor held at a nine ...
Between December 1999 and December 2002, the euro traded below the US dollar, but has since traded near parity with or above the US dollar, peaking at US$1.60 on 18 July 2008 and since then returning near to its original issue rate.
The US Dollar Index, which measures the dollar's value relative to a basket of six foreign currencies — the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc ...
For instance, the quotation EURUSD (EUR/USD) 1.5465 is the price of the Euro expressed in US dollars, meaning 1 euro = 1.5465 dollars. 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).