the decision will be driven by the outlook for inflation, he added, reports Bloomberg. "Its a gentle dollar-bull trend here said Chris Turner, London-based head of currency strategy at ING Groep. Nordea's team of analysts are forecasting a dovish Draghi this coming ECB Thursday: "The ECB takes centre stage on Thursday. Looking forward, we estimate it android free vpn application to trade.13 in 12 months time. Expectation of a rate hike is boosting the dollar.
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"Europe has enjoyed a long period with an undervalued currency strategists at UBS Wealth Management led by Thomas Flury wrote in a note. A few analysts like Christopher Low, chief economist at FTN Financial said that the speech was a clear rebuttal of the hawkish arguments, by a few Fed members to raise rates, reports Reuters. The European Central Bank is set to meet on October 20 for its policy meeting, however, a Reuters poll forecasts no changes to be announced. We expect him to sound moderately dovish, leaving the door for an extension of the asset purchases open and implying that tapering is not imminent. International Money Transfer Provider of the Year 2016, 20Their goal is to connect clients with ultra competitive exchange rates and a uniquely dedicated service whether they choose to trade online or over the telephone. However, Sal Guatiere, senior economist at BMO Capital Markets, believes that the rate hike is still on the table as long as the economic data is supportive. The chart patterns and the bearish momentum suggest that the pair can fall.09115 levels and lower. "The euro should eventually begin appreciating, driven by a rise in inflation and/or signals that the European Central Bank is discussing tapering its quantitative easing program reports Bloomberg. Daily Export Data API.
Bloomberg euro dollar currency charts