Late Thursday, the euro stopped losing ground. The last price for the common currency was $1.0166. The euro fell to 1.0114 US dollars in the business of European currencies. The reference rate was set by the European Central Bank (ECB) at 1.0122 dollars (Wednesday: 1.0152 dollars). So, it cost 0.9880 (0.9850) euros to buy a […]
On Friday, the euro was mostly stable above the $1.02 level. At noon, the price of the common currency was about the same as it was in the morning, at $1.0215. The euro lost some of its gains. Thursday afternoon, the European Central Bank (ECB) set the reference rate at $1.0122. Before the weekend, there […]
Friday, the euro made up for its losses from the day before. In early trading, the price of the common currency was $1.0210. On Thursday, it had dropped to $1.01, but was still worth a lot. Thursday afternoon, the European Central Bank (ECB) set the reference rate at $1.0122. Before the weekend, there will be […]
On Thursday, the euro lost the ground it had made the day before. In the afternoon, the lowest value of the common currency was 1.0114 US dollars. It was still over $1.02 in the morning. The reference rate was set by the European Central Bank (ECB) at 1.0122 dollars (Wednesday: 1.0152 dollars). So, it cost […]
Argentine’s economy and government are in bad shape, so the country’s central bank has taken steps to encourage farmers to sell and export soybeans. A statement from the central bank says that the new system will let farmers get a better exchange rate for US dollars than what the official foreign exchange market can offer. […]
On Wednesday, the euro gave up its early gains. The most recent price of the European common currency in US dollars was 1.0123. It was traded at about the same price as when it first started trading. The euro went up to $ 1.0172 at noon. The reference rate was set by the European Central […]
Inflation in Canada remains excessively high – What does this mean for the Canadian dollar? The Canadian CPI print proved what the markets already thought, which is that inflation will keep going up and force the Bank of Canada to raise rates even more. Toni Gravelle of the Bank of Canada said last week that […]
The Turkish lira fell another 2% against the US dollar, making it the 9th day in a row that it did so. Oil producers were happy when oil prices went up, but almost everyone else, including Turkey, was unhappy. One of its side effects is inflation, which keeps going up around the world. Turkey has […]
If you’re worried about how inflation will affect your spending, you can take a deep breath for another month because April’s retail sales numbers were strong. The headline number for April print retail sales was 0.9 percent, which was lower than the expected 0.9 percent and higher than March’s 1.4 percent (which was revised up […]