[ad_1]
The euro fell to its lowest level in 26 months on Thursday, as dollar gains followed the Federal Reserve's cautious tone regarding further interest rate cuts, as investors believe it will was unlikely that the bank embarked on a long cycle of monetary easing.
The Fed's less hawkish tone helped the dollar recover, pushing its benchmark, which measures the greenback's performance against a basket of currencies, to a 26-month high of 98.93 on Thursday.
The euro fell to its lowest level in 26 months against the greenback at $ 1.1034, while the British pound hit its lowest level in 30 months at $ 1.2087.
In recent transactions, the euro fell 0.3% to 1.1037 dollar. The pound sterling fell 0.2% against the single European currency, to 91.29 pence for one euro.
Source:
Reuters
Source link
