Tag: Euro

The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine

London: The pound has fallen below $1.29 for the first time in almost a year on continuing worries Britain will leave the EU without a trade deal. Sterling also hit a nine-month low against the euro, and was down against the yen and Swiss franc, BBC reported on Thursday. Bank of England governor Mark Carney […]

New York: The US dollar declined as euro rose amid positive regional economic data. In late New York trading on Friday, the euro climbed to $1.1662 from $1.1622 in the previous session, and the British pound rose to $1.3261 from $1.3253 in the previous session, Xinhua news agency reported. The Australian dollar went up to […]

Mumbai: The rupee Monday declined by 25 paise to close at 69.42 against the US dollar as forex traders turned cautious in a holiday-truncated week. At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.07 a dollar and fell further to touch the day’s low of 69.46. It finally settled at 69.42 per […]