London - The euro retreated from its two-year high on Tuesday as dollar sales declined before a two-day Federal Reserve meeting, during which investors expect its outlook will be reaffirmed.
FILE PHOTO: Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration
Some dollar weakness came amid political wrangling over the next U.S. fiscal rescue package. The Republican leadership of the U.S. Senate introducing a proposal for the next coronavirus relief package, a $1 trillion plan called the Heals Act, but concerns were still evident over the details. “Delay in getting a deal agreed will cause unavoidable damage to the real economy, given the high level of uncertainty it is now creating,” Halpenny said., off the $1.1781 two-year high reached the day before. The dollar rose the same amount versus the pound and the Japanese yen.
Most analysts say the reasons for the dollar’s decline, especially falling real yields, remain intact, but the pace of the drop probably warranted a pause - particularly with a Fed meeting and a U.S. spending package in the offing.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Euro zone economy not yet out of danger from coronavirus: ECB's PanettaThe danger for the euro zone from the coronavirus pandemic is not yet over, European Central Bank board member Fabio Panetta told La Repubblica, adding that he saw no need to make any tweaks to the bank's bond-buying programme.
Weiterlesen »
Fed meeting expected to leave U.S. bond-stock relationship out of whackThe Federal Reserve's whatever-it-takes approach to stave off economic calamity has kept interest rates near zero and helped drive U.S. stocks back to pre-pandemic record levels, while weakening the usual dynamic between safe-haven U.S. Treasuries and riskier equities.
Weiterlesen »
Fed Outlook Turns Gloomier as Coronavirus SpreadsFederal Reserve officials meet Tuesday and Wednesday, facing growing doubts about the prospect for a sustained economic rebound due to the nation’s uneven public-health response to the coronavirus.
Weiterlesen »
Futures firm with focus on Fed, earnings rushU.S. stock futures rose on Monday after a two-day slide for Wall Street, as bets on a more dovish outlook from the U.S. Federal Reserve brightened the mood ahead of a busy week for quarterly earnings reports from companies including Boeing and Apple.
Weiterlesen »
Cash-Strapped Euro Exhibitors Facing Post-Lockdown Rent SqueezeWith theatrical admissions free-falling due to the lack of U.S. blockbusters, cash-strapped European exhibitors are up in arms about paying rent for the months they were dark due to COVID-19. Apart…
Weiterlesen »