The euro hovered a whisker above parity to the dollar on Wednesday, with traders wary of the single currency being forced to levels unseen for decades if US inflation data, due to be released later
The euro hovered a whisker above parity on the dollar on Wednesday ahead of US inflation data, with traders wary a sky-high reading could force it to lows not seen in decades
The share of developed market currencies in India's trade has only been going up in recent decades. The share is up around 30 percentage points since the early 1990s. Read more in our top headlines
The dollar index gained 0.3% to as high as 108.56, while sterling hit another two-year low and the yen was not far off its weakest in more than two decades
Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback
Industrial production growth zoomed to 19.6% in May, as per the National Statistical Office (NSO) data.
The dollar index, a measure against six counterparts, with the euro most heavily weighted, was 0.2% higher at 108.43. It had earlier climbed to 108.47, its highest since October 2002.
Euro rates survived above paity against the dollar over Russian gas prices due to one of the biggest pipeline being shutdown.
LONDON (Reuters) - Safe-haven demand briefly lifted the yen on Friday after former Japanese prime minister Shinzo Abe was shot while campaigning for a parliamentary election, while the dollar's continued strength kept the euro hovering just above parity.
(Reuters) -A slight pullback in the dollar offered the euro some respite, allowing it to edge away from two-decade lows reached this week after surging energy prices fanned recession fears.
Looming rate hikes have created recession fears in minds of investors leading to stock price drops. However, chipmakers have soothed those fears by reviving stock prices and eased investors
Euro drops to its lowest since two decades over energy supply concerns
Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel
The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers
The euro sank on Tuesday to its weakest level against the dollar in almost 20 years while oil futures tumbled and bond prices rose as investors sought safety
The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to worries about a recession
The dollar, which had been buoyed by safe-haven flows against the euro, last fell 0.305% to 104.720
The euro was at $1.044, after losing 0.75% on the dollar the day before, and heading for a monthly decline of 2.7%
Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding above $117, pushing the Canadian dollar and the Australian dollar up 0.3% and 0.4% respectively