Dollar Gains, Euro Slips After Expected ECB Rate Increase

Dollar gains, euro slips after expected ECB rate increase

NEW YORK/LONDON, Sept 10 : The dollar rose against major currencies on Thursday, reversing some of this week's losses triggered by rising oil prices and global bond yields, while the euro fell after the European Central Bank delivered an expected rate increase.The ECB raised interest rates on Thursday for the

Pound-to-Euro Rate Holds €1.16 as ECB Rate Hike Fails to Lift EUR

The Pound to Euro (GBP/EUR) exchange rate was largely unchanged on Thursday, with Sterling holding its ground despite the European Central Bank (ECB) delivering its latest interest rate hike.

Scattered gains for the euro after the ECB hikes as expected

The European Central Bank (ECB) hiked its main refinancing rate to 2.65% on 10 September as widely expected, citing inflation above target. The euro made generally modest gains against most other major currencies with the exception of an overall loss in the aftermath by euro-dollar. This article summarises some of the factors behind the ECB’s decision and possibilities for European rates in the rest of the year then looks briefly at the charts o…