Euro Rises After ECB Decision
(RTTNews) - As expected, the European Central Bank raised its main refinancing rate by 50 basis points to 2.50 percent from 2 percent. Following the announcement, the euro rose against its major opponents.
The euro was trading at 145.24 against the yen, 0.9871 against the franc, 0.8638 against the pound and 1.0638 against the greenback around 8:20 am ET.
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U.S. Dollar Rises Amid Heightened Trade Tensions
The U.S. dollar strengthened against other major currencies in the Asian session on Monday, as investors flock to safe-haven fleets amid the global trade war.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Monday.
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Euro Falls Against Majors
The euro weakened against other major currencies in the Asian session on Monday.
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Commodity Currencies Decline As Trump Announces Tariffs
The commodity currencies such as Australia, the New Zealand and the Canadian dollars declined against their major currencies in the Asian session on Monday, after news the U.S. tariffs were put in place over the weekend, which led to concerns about higher inflation that will force the U.S. Fed to put a hold on interest rate cuts for longer.
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U.S. Dollar Advances Amid Trump's Tariff Threats
The U.S. dollar firmed against its most major counterparts in the New York session on Friday amid concerns about President Donald Trump's renewed pledge to slap 25 percent tariffs on imports from Canada and Mexico on February 1.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Friday.
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Yen Rises Amid Tariff Worries
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as investor sentiment dropped on the sidelines after U.S. President Donald Trump announced that 25 percent tariffs on Canada and Mexico are coming on Saturday, although crude flows may be exempted from the levies.
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U.S. Dollar Falls As Economic Growth Slows More Than Expected
The U.S. dollar declined against its most major counterparts in the New York session on Thursday, after a data showed that the nation's economic growth fell short of economist estimates in the fourth quarter of 2024.
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