• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Lambda strain worries sent euro to 1.18 level

7th July 2021 Helen Rush DMCA.com Protection Status

Lambda strain worries sent euro to 1.18 level Pin It

The euro returned to $1,1800 on Wednesday after several macroeconomic data failed, oil prices fell and the coronavirus epidemic added another variant.

In a short period of time, some ingredients have been added that affect the foreign exchange market. The US service sector purchasing manager indices for June gave rise yesterday to doubts about the recovery potential of the US economy. These led to a sharp fall in the oil price and long-term interest rates of the United States.

There is also new developments at the COVID front: the relatively new lambda strain. It makes the cocktail of doubt even more profound, with the fall in oil prices reflecting a concern about cyclical resilience and economic recovery, but still leading to an increase over the dollar, the effect of which is not immediately visible at the moment. Without a fall in oil prices, the euro exchange rate would probably have been at a different level.

We should look forward to the minutes of the Federal Reserve on the occasion of the Fed’s most recent meeting, especially for the fine details. On Thursday, the emphasis is on the strategic meeting of the European Central Bank, we expect that the policy-making body, its interest rate policy is focused on an inflation rate of 2 per cent at close to 2 per cent now.

The president of the Federal Reserve of Atlanta Raphael Bostic is the only speaker today.

The euro was down 0.2 percent on $ 1,1830 on Wednesday. The European currency recorded 0.3 percent lower at £ 0.8581. The British pound rose by 0.2 percent on Wednesday and stood at 1,3784 dollars.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Royal Dutch Shell [LSE:RDSA]…

In Money Matters

Royal Dutch Shell [LSE:RDSA] pays extra rewards to shareholders

View Post

Next Post

Oleksandr Andreyev traces suspected in…

In Money Matters

Oleksandr Andreyev traces suspected in Credit Suisse sell-off

View Post

In Money Matters

The global dairy market grows exponentially: the World Dairy Map

View Post

In Money Matters

MPs warn against swift adoption of digital pounds in retail

View Post

In Money Matters

Physical and ‘digital’ gold spiked on weaker dollar expectations

View Post

In Foreign Affairs

Wording games at COP28: “scaling down” vs “phasing out”

View Post

Newsletter

Latest News

Jaguar will be fully electric

View

A three-year delay before the EU impose import/export duties on EVs

6th December 2023

View

James Cleverly will sign a new treaty in Rwanda today: its implementation is questionable

5th December 2023

View

Physical and ‘digital’ gold spiked on weaker dollar expectations

4th December 2023

View

Wording games at COP28: “scaling down” vs “phasing out”

4th December 2023

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019-2023 Talk Finance - All Rights Reserved. [email protected] DMCA.com Protection Status