The euro added around 0.6% to the dollar to € 1.0025 around 13:00 CET on Wednesday. Shortly before, it was the strongest since September 20.
After the establishment of the new British government, the British pound is also gaining against the dollar. At the same time, it was adding 0.8 percent to $ 1.1565. The US currency also lost against the Japanese yen, from which it depreciated by 0.5 percent to 147.16 yen.
“It is a continuation of the (dollar) selloff we have been observing since the end of last week. Markets are expecting a potential slowdown from the Fed, ”said Lee Hardman, currency analyst at MUFG.
The euro has fallen to a 20-year low against the dollar
Economic
“We don’t think that will happen at the next meeting in November, but there is certainly a greater chance in December that they can reduce the rate to more than 50 basis points from the 75 points we saw recently,” he added.
It was the Fed’s previous drastic tightening of monetary policy that has largely been behind the strengthening of the dollar so far.
Foreign exchange market rates:
| Land | currency | Quantity | code | exchange rate (CZK) |
|---|---|---|---|---|
| China | women-min-pi | 1 | CNY | 3.41 |
| EMU | EUR | 1 | EUR | 24,535 |
| Indie | rupees | 100 | IN R | 29,845 |
| Japan | gen | 100 | JPY | 16,652 |
| Hungary | HUF | 100 | HUF | 6.01 |
| Poland | zloty | 1 | PLN | 5,161 |
| Swiss | Franco | 1 | CHF | 24.74 |
| United States of America | dollar | 1 | U.S. dollar | 24,469 |
| Great Britain | Libra | 1 | GBP | 28,328 |
