Saturday, November 30, 2024

Pound to Euro Exchange Rate Today: Subdued

The Pound Euro (GBP/EUR) exchange rate traded largely flat on Tuesday following the publication of the Eurozone’s latest inflationary data release. At the time of...

* This article was originally published here

Friday, November 29, 2024

A Better Financial Market Mood to Start Shortened Week

Markets liked Trump’s choice of Scott Bessent, a hedge fund manager, for the cabinet post of treasury secretary. Tangentially, there’s more confidence that the Fed will cut rates next month, and reports of a ceasefire agreement between Israel and Lebanon also helped the mood. The Russell 2000 hit a record high. The DOW is up […]

* This article was originally published here

Thursday, November 28, 2024

EUR to USD Exchange Rate Drops to 1.035 as EU PMIs Miss

PMIs in the EU dropped further, with Services joining Manufacturing in contraction territory. The euro dropped sharply. EURUSD was down –1.35% and tested 1.035....

* This article was originally published here

Sunday, November 24, 2024

Quiet Monday So Far Aside from Large Gains in Tesla and Crypto

The weighted DXY dollar index has ticked 0.1% higher due to a 0.7% rise against the yen but mitigated by marginal dips against the euro, Swissy, and sterling. DOW and SPX futures are little changed, while a 3% advance in Tesla and a 1% rise in Bitcoin reflect President-Elect Trump’s transactional approach to governance. Most […]

* This article was originally published here