The US dollar hovered near the highest since July of last year against major peers after a Federal Reserve official signaled a first pandemic-era interest rate hike could come as early as March
Sterling rose 0.7% to a two-week high of $1.3368 after the BoE raised its main interest rate to 0.25% from an historic low of 0.1%
Some of the fears around the Omicron variant ebbed after BioNTech and Pfizer said three shots of their COVID-19 vaccine neutralised it in a laboratory test.
LONDON (Reuters) -Monetary policy support in China and hopes that the Omicron variant of COVID-19 would be less severe than previously expected boosted currency market risk appetite on Tuesday, with the Australian dollar rebounding and the euro heading back towards 2021 lows.
The euro was introduced in cash form in 2002
The dollar hovered on Tuesday above the one-week low against major peers it hit last week, as fears eased that the new Omicron coronavirus variant would derail the U.S. recovery and delay Federal Rese
The euro fell 0.3% to its lowest level since early July 2020 at $1.1205.
The dollar set a 16-month high against the euro after Federal Reserve Chair Jerome Powell was nominated for a second term by President Biden
London (Reuters) -The euro fell on Monday to trade close to a 16-month low on growing concerns over the impact of new COVID-19 restrictions in Europe, with Austria starting a full lockdown and Germany considering following suit.
Austria began its fourth lockdown, the first introduced since vaccines became widely available, shutting Christmas markets, bars, cafes and theatres.
The euro held steady against the dollar on Tuesday and most currency pairs were stuck as traders waited for U.S. inflation data later in the week and more speeches from central bank governors
The dollar held losses to the euro and British pound late on Thursday
By Ritvik Carvalho
The U.S. currency was steady at $1.1558 per euro after strengthening to $1.1529 on Wednesday for the first time since July of last year.
Price growth is driven mainly by effects related to the pandemic and the reopening of economies after long stretches of virus shutdowns.
State-owned PFC on Thursday said it has issued bonds worth 300 million euros for a period of seven years.
The ECB holds a policy meeting on Thursday at which it is expected to announce a trimming of the pace of its asset purchases
The 1980s then saw the growth of what is called financialisation where firms make money by trading in money rather than goods and services
The 10-year Treasury yield rose to as high as 1.336% in London trade, its highest in more than three weeks.
Europe came under pressure to step up enforcement of its anti-money laundering rules